Stocks Higher/Recession On Hold

Stocks Higher/Recession On Hold

Friends   Though earnings are not beating estimates (they are off about 2%-3%), corporate revenues are slightly ahead of analysts’ estimates as we near the halfway point of this earnings season. So far, it appears that stocks were priced for something worse. Tesla surprised after the close yesterday with...

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Stocks Mixed

Stocks Mixed

Friends   Stocks got off to a rocky start this morning with the Dow down over 300 points in early trading. But buyers stepped in and pushed the market averages higher, with the aforementioned Dow actually moving into positive territory by more than 100 points. After some back and...

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The Bears Are Back

The Bears Are Back

Friends   The bears have made their presence known so far this week. After a good start to the year for the bulls, reality that the economy is slowing, and the Fed doesn’t seem to care has begun to set in. Today’s PPI and Retail Sales numbers showed again...

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Goldman Drags Dow Down

Goldman Drags Dow Down

Friends Stocks were lower today but most of the damage was done in the Dow Jones Industrial Average. Huge declines in Goldman Sachs and Travelers dragged the Dow lower while the other market averages fared better. Goldman’s earnings miss was curious given that Morgan Stanley, a huge competitor, had...

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And They’re Off…

And They're Off...

Friends   2023 started off with somewhat of a whimper today as stocks were lower throughout the trading session but closed well off the lows of the day. Big names Apple and Tesla struggled mightily and weighed on the market averages. It wasn’t all bad as industrials and financials...

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