Bulls Wipe Out 2016 Losses

Friends The bulls stepped up in today’s trading session, buoyed by the dovish Fed statement from yesterday, a weak dollar and surging oil prices, and went on a buying spree. Minus a weak health care sector, stocks were up across the board with industrials, materials and energy leading the...

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Waiting For Fed Day

Friends Stocks sold off on the opening of trading, but the bulls regrouped and by midday had stocks trading near the breakeven level. For the rest of the trading session traders seemed to be biding time before tomorrow’s conclusion of the FOMC meeting. On the economic front a downward...

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A Busy Week Ahead

Friends With the two day Fed meeting scheduled to begin tomorrow, markets seemed to be in a bit of a holding pattern, as neither the bulls nor the bears seemed interested in making anything more than a token gesture towards today’s trading session. Stocks spent the day waffling in...

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Delayed Reaction

Friends ECB President Draghi threw everything but the kitchen sink at the markets yesterday, but the reaction was very muted. Perhaps market participants had a change of heart. Long Live Central Bank Intervention. Indeed, after yesterday’s collective yawn, the bulls decided to go on the offensive. Following Europe’s lead,...

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