NFP reports crushed it.

NFP reports crushed it. We created 128k new jobs vs. the 80k that was expected, confirming the fact that the US economy is still on firm ground. Employers are hiring and the consumer is spending. Unemployment ticked up by 0.1% to 3.6%, still at 50 year lows as more people came out looking for work. [...]

By |2019-11-04T10:14:28-05:00November 4th, 2019|Morning Thoughts by Kenny Polcari|

So, What’s the fuss?

So, What’s the fuss? Ok, so Xi Xi says he’s not sure he’s ready to sign a complete trade deal with Donny, because he’s too impulsive, he’s too erratic, blah, blah, blah… The sense is that maybe Xi Xi is willing to wait it out until the US presidential election takes place on Nov. 3, [...]

By |2019-11-01T11:13:41-04:00November 1st, 2019|Morning Thoughts by Kenny Polcari|

Fed cuts rates a quarter point for the third time this year

Fed cuts rates a quarter point for the third time this year. Baseline economic outlook remains favorable and policy will remain appropriate… (Wow! Was that a surprise, I mean who would’ve thought?) Blackrock’s Ricky Reider says that Powell is doing 100% the right thing. And Patti Domm of CNBC says that “Powell Aces Tricky FED [...]

By |2019-10-31T11:12:11-04:00October 31st, 2019|Morning Thoughts by Kenny Polcari|

Boeing and Its CEO On The Hot Seat

Dennis Muilenburg (Boeing’s CEO), in his first appearance before congress since the grounding of the Boeing 737 MAX, was on the hot seat for most of the morning yesterday as he faced a barrage of criticism from lawmakers. He will be on the hot seat again today as the grilling is expected to continue. Senators [...]

By |2019-10-30T11:07:58-04:00October 30th, 2019|Morning Thoughts by Kenny Polcari|

The MOMO guys are back

The MOMO (Momentum) guys are back and they tripped over each other all day… Stocks raced higher as the market “melted up” and earnings continue to shatter the expectations. Word that the government awarded MSFT the JEDI (Joint Enterprise Defense Infrastructure) contract caused a new round of buying across tech. Apple and Google surged higher [...]

By |2019-10-29T11:14:22-04:00October 29th, 2019|Morning Thoughts by Kenny Polcari|

Stocks rallied on Monday as excitement continues to build over US/China trade

Stocks rallied on Monday as excitement continues to build over US/China trade. As noted yesterday, Vice Premier Liu He told Reuters that “substantial progress” is being made and yesterday the administration doubled down on that statement. Larry Kudlow went so far as to say that the December tariffs could be eliminated IF the current trade [...]

By |2019-10-22T11:06:14-04:00October 22nd, 2019|Morning Thoughts by Kenny Polcari|

Stocks fell on Friday as the weekend approached and investors considered what’s next for global trade after China reported weaker macro data

First today, a note about an email some of you received on Friday. That was sent in error to my long standing readers, and didn’t come from me. Chalk it up to growing pains with my new team in Baltimore. I appreciate your trust in Morning Thoughts and apologize for the mix up. To the [...]

By |2019-10-21T11:08:13-04:00October 21st, 2019|Morning Thoughts by Kenny Polcari|