Friends Holy cow. I mentioned yesterday that the reversal we saw in stocks was the largest I had ever seen in my 41 years in the business. I was right as evidently it was the biggest reversal since the 70’s (I was still in high school then). After...
Friends Wow, that might have been the ugliest intra-day reversal I have ever seen in my 41 years in this business. Yesterday’s massive early morning reversal was from negative to positive on the 90-day rumor. Today’s reversal was in the other direction unfortunately. The bulls were feeling pretty...
Friends I hope you were able to join us today for our webinar where we discussed the tariffs, the markets, and what investors are doing at the moment. As for today’s market action, it was another wild ride. We saw stocks fall nearly 5% at the open only...
Friends It was another dramatic day for the markets. Stocks plummeted once again as market participants are selling first and asking questions later. Will all this descend into a worldwide trade war? Will all of this cause a global recession? Investors are selling stocks as if the definitive...
Friends The market was a hot mess today. Responding to the President’s harder than expected line on tariffs, futures tumbled overnight, and stocks plummeted at the open. Market participants might have priced in a more moderate approach to tariffs, but they did not price in the cannon that...
Friends We are going to hear the President’s plans for tariffs this afternoon, but before that we had an ADP private payroll number this morning and the employment picture remains strong with 155,000 payrolls added vs the 120,000 expected. Stocks began the day in negative territory but recovered...
Friends It was a real choppy day for the market averages as losses reversed to gains, then gains slid back into losses and back and forth we went. In the end the S&P 500 and the Nasdaq were able to post gains while the Dow finished in negative...
Friends Stocks saw a wonderful reversal today as early morning weakness was bought by market participants moving stocks nicely higher by the close of trading (other than Nasdaq which still remained in negative territory). On a technical basis, stocks tested the mid-March lows and bounced nicely off of...
Friends It was a difficult day for stocks. We got the Fed’s favorite inflation indicator this morning, the core personal income expenditures (PCE), and it came in a little hotter than expected. Surprisingly, bonds rallied after the release as yields fell a full 10 basis points on the...
Friends After an early day selloff, stocks did recover some as the trading session wore on, actually breaking into positive territory before selling off again near the close. The President announced 25% tariffs on cars not made in the U. S., but we might be coming to the...
Copyright 2021 Carlton, Hofferkamp & Jenks Wealth Management, LLC. All Rights Reserved.
Hand-crafted by Web Design The Woodlands - Design Squid
