Friends Stocks enjoyed a nice rally at the opening of trading today led by a nice bounce in the price of oil. After that it appeared that traders went home. Indeed, after the initial surge, volatility was non-existent and stocks simply drifted near the highs of the day. It...
Friends Traders have seemed to simply run out of gas this week. After last week’s fireworks, this week’s trading was on cruise control. The action has been in the currency markets and the bond market. The dollar has shown tremendous strength, while bonds have seen constant selling. It is...
Friends Market participants had several economic reports to chew on this morning before the opening bell. The CPI number came in hotter than expected (the Fed should like that), Housing Starts surged in October, and the weekly initial jobless claims dropped more than expected (the lowest in many years)....
Friends The stock market seemed to run out of gas today, except for a few tech names and some retailers. Target had better than expected earnings today, but Lowes had a disappointing quarter. Walmart will release its earnings report tomorrow, so we’ll see how the largest brick and mortar...
Friends The Bears keep trying to zap the enthusiasm from this “Trump” rally, but the Bulls continue to buy pullbacks and drive many stocks higher. It is still the case that there are winners and losers in this environment, as it appears that a rotation from previously thought to...
Friends Stocks seesawed between positive and negative territory during today’s trading session, as traders continue to grasp just what the Trump victory means for different sectors and who will be the winners and who will be the losers. Bonds and gold continued to sell off providing somewhat of a...
Friends As expected, it was a very quiet day of trading. Stocks simply drifted near the breakeven mark for the entire session as traders seemed somewhat exhausted from the week’s proceedings. Remember, the bond market was closed today, so stock traders were left to their own devices, and as...
Friends Another fascinating day in the markets. Bonds continue to sell off (rates rise) while stocks continue to make gains. Interestingly though, not all stocks are going up. For instance, the Dow was up a juicy 1.17% today, while the S&P was only up .20% and Nasdaq was actually...
Friends Wow, wow, wow. What a day! You obviously know what happened with the election, but the action we have seen in the markets this week is amazing. In anticipation of a divided government with Clinton as President and a Republican Congress we had rallies on both Monday and...
Friends The global markets were caught off sides with the Trump win last night, as S&P futures experienced a limit down situation. But as this morning has unfolded, the futures erased the 5% downturn and at the opening the markets appear much more calm about the whole situation. We...
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