Archive for category: Market Commentary

Big Jobs Number

Big Jobs Number

Friends Today’s jobs report was much better than expected. Of course it was, just when the Fed went completely dovish earlier this week. Nevertheless, today’s number was impressive. There were 304,000 new jobs created in January (which was almost twice most estimates). Once again, the unemployment rate ticked up...

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The Comeback Month

The Comeback Month

Friends Last month was the worst December we have seen for stocks in many decades. So, of course, we’ve just concluded a January that was the best for stocks in decades. Quite a wild ride. What has changed since that gloomy Christmas Eve when stocks hit tumbled to new...

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Patient Fed

Patient Fed

Friends  Stocks rallied today, first on very good earnings reports from the likes of Apple, Boeing and McDonalds, then on a dovish Fed statement this afternoon. As expected, the Fed did not raise interest rates today, but more importantly they offered a very dovish tone with regards to future...

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Stocks Slump On Earnings

Stocks Slump On Earnings

Friends  Stocks slumped on some less than stellar earnings reports from Caterpillar, which weighed on industrials, and NVIDIA Corp. which weighed on chip makers and technology shares in general. So far, this earnings season has been a mixed bag with regards to how the shares of reporting companies are...

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Rumors and Reports

Friends  Stocks were having a nice quiet day until a report hit the wires from the Wall Street Journal that the Trump administration was possibly willing to drop tariffs on Chinese goods in order move the trade talks towards the finish line. As that hit the tape, stocks rocketed...

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