Archive for category: Market Commentary

A Little Bounce

A Little Bounce

Friends The only major economic news today was Apple’s new iPad rollout and the ADP employment number which came in as expected with around 215,000 new jobs for February. Perhaps this sets the tone for Friday’s government employment number. Stocks bounced back some after yesterday’s downturn with the Dow...

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Minor Weakness

Minor Weakness

Friends Another day that could have been much worse, ends up being nothing more than a minor nuisance to the bulls. For the day, the Dow Jones Industrial Average, after being down nearly 90 points early in the morning, finished with a loss of 14 points to close at...

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We Move into March

We Move into March

Friends Once again, we had a lot of news today, but a mixed reaction among markets. Along with a nice weekly jobless claims number (351,000) and a “so-so” personal spending number (.2%), we got surprisingly strong retail sales numbers from many of the nation’s largest retailers. Stocks reacted positively...

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Mixed Messages

Mixed Messages

Friends Today was a day of totally mixed messages. On one hand, we had an upward revisal to the 4th quarter GDP number and a very strong Chicago PMI number. On the other hand, Dr. Bernanke’s testimony in front of Congress was disturbing to the “risk on” crowd, as...

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13,000-Finally

13,000-Finally

Friends Well, the Dow finally held and closed above 13,000 and the S&P 500 above 1370 for the first time since the summer of 2008. On the economic front, the durable goods number was disappointing this morning as well as the Case-Shiller index (which indicated that homes continue to...

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Quiet Reversal

Quiet Reversal

Friends The bull market pattern continues. After being down 100 Dow points early this morning, stocks once again had a nice reversal and finished the day just about flat. This pattern has been in place so far this year, with stocks opening lower and recovering as the day progresses....

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