Dow 30,000

Dow 30,000

Friends   We mentioned that markets tend to favor Thanksgiving week and so far so good. The markets seem to be enamored with the choice of Janet Yellen as the next Treasury Secretary and there was a collective sigh of relief when word came that the administrative transition would...

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Another Vaccine Monday

Another Vaccine Monday

Friends   The markets got a double shot of good news today with yet another Monday morning vaccine announcement, this time from AstraZeneca, and then later in the afternoon the report that former Fed Chair Janet Yellen will be Joe Biden’s nominee for Treasury Secretary. It appears to be...

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Stocks Drift Lower

Stocks Drift Lower

Friends   Buyers just didn’t seem interested today. For the most part, it was a quiet day for the market averages, but it had a downward tilt to it. A minor spat between Treasury Secretary Mnuchin and Fed Chair Powell over some lending reserves that were designated in the...

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Shut Down Sell Off?

Shut Down Sell Off?

riends Like yesterday, despite good earnings from a couple of retailers, namely Target and TJ Maxx, stocks struggled later in the trading session. Pfizer updated the efficacy number for their Covid-19 vaccine to 95%, but cases of the virus continue to explode and shut downs are once again occurring...

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Sell The News

Sell The News

Friends It was a sell the news kind of day for the stock market, though the averages closed well off their lows for the day.  Both Walmart and Home Depot had stellar earnings reports, but because both were trading near all-time highs, market participants decided to take some profits....

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