Markets Have a lot to Digest

Markets did not wince after receiving the March Employment Report on Friday, despite a top line gain in employment for the month (98k) that was significantly below consensus expectations (175k). In fact, equity market trading did not appear to reflect any investor concern about either the jobs miss or Trump's military action taken against Syria [...]

By |2017-04-11T13:40:41+00:00April 11th, 2017|Uncategorized|

Does the rally Still Have Legs?

After a modest reset, that I called for in last Monday's note, we did see a meaningful reversal on Friday as equities posted their largest advance of the week. Net/net, US equity prices, on balance, were largely unchanged on a week-over-week basis. So where is the rally headed? Sam Stovall, CFRA Chief Investment Strategist, noted that, [...]

By |2017-02-07T13:39:25+00:00February 7th, 2017|Uncategorized|

Post-Election Rally

Kenny's Commentary on FoxBusiness   S&P 500 Set for Worst Day in Three Months, Clings to Biggest Post-Election Rally Since JFK Wall Street let some air out of its euphoric Trump rally Thursday as investors craved more clarity from the president-elect on his policy proposals. Though short on details, Donald Trump’s press conference Wednesday afternoon [...]

By |2017-01-17T22:30:07+00:00January 17th, 2017|Uncategorized|

History is made, Markets Roiled, Not so Fast

Donald Trump Elected 45th President of the United States. One thing is abundantly clear: the American electorate is deeply divided. The key to success for the next president will rest on the marshaling of a majority in the House and Senate on Tuesday night. These elections have laid bare a divide that has the potential [...]

By |2016-11-09T15:35:55+00:00November 9th, 2016|Uncategorized|