Stocks Tumble

Stocks Tumble

Friends   Somehow word got out that I was heading off on my first “vacation” in more than three years. Market participants began selling stocks at the open and things continued to deteriorate for the remainder of the trading session. Many of you know my record concerning the markets...

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Big Week For Retail Earnings

Big Week For Retail Earnings

Friends   The bulls tried to add to Friday’s somewhat unenthusiastic rally, but once again late in the trading session the sellers appeared and pushed stocks back into negative territory. As we have pointed out, rallies seem to be continuously met by waves of unyielding selling pressure. We have...

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Stocks Finish Off Lows

Stocks Finish Off Lows

Friends   You know the markets are difficult when just ending the trading session off of the day’s lows is a relief. Indeed, off the lows is the new up when it comes to moves in the stock market these days. Yes, it was another difficult day for stocks...

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CPI Data and A Trip Through Time

CPI Data and A Trip Through Time

Friends   This morning’s CPI data showed inflation year over year running at 8.3%. Ok, that’s better than last month’s 8.5% but not much. Stocks were looking to open higher before the open until this number hit. Throughout the trading session, as we have seen recently, any attempts to...

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Another Difficult Start To The Week

Another Difficult Start To The Week

Friends   It was another case of basically sell everything today. Stocks were down, commodities were down (including oil and gold), crypto currencies were down. Only bonds rallied a little (yields down). Even this year’s winner the energy sector was down more than 8% for the day. Nasdaq is...

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Wild Ride to Nowhere

Wild Ride to Nowhere

Friends   It is somewhat breathtaking to watch the volatility in stocks right now. Yesterday’s collapse saw some follow through by the bears this morning as the Dow was down more than 400 points several times during the trading session. But, in the end stocks as measured by the...

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