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|

Economic data reported yesterday suggests that the consumer is “holding back”

Economic data reported yesterday suggests that the consumer is “holding back.” The retail sales spending numbers reported yesterday were not what we expected at all… The report showed that retail sales fell by 3% vs. the expected rise of 3% — a complete 180. That has some nervous, and I ask why? OK, yes the [...]

By |2019-10-17T11:02:56-04:00October 17th, 2019|Morning Thoughts by Kenny Polcari|

It’s all about earnings!

It’s all about earnings!   OK, so let’s say it like it is… someone is not telling the truth or someone just can’t do the math OR someone just wants to look good. For months now we have been told NOT to expect positive earnings announcements for the 3rd quarter in 2019. During the last [...]

By |2019-10-16T11:07:14-04:00October 16th, 2019|Morning Thoughts by Kenny Polcari|

Stocks surged on Friday and surged some more as the speculation over the state of trade was building

Stocks surged on Friday and surged some more as the speculation over the state of trade was building. What would we hear?  What would they announce? Was this going to be THE TRADE DEAL that we have been waiting 20 months for? Was there really going to be a breakthrough?  And adding excitement to the [...]

By |2019-10-14T11:02:22-04:00October 14th, 2019|Morning Thoughts by Kenny Polcari|

And so Trump does it again.

And so Trump does it again. He saw that the market was getting more nervous. He saw what happened to stock futures on Wednesday evening/Thursday morning when they collapsed overnight — the Dow was down better than 300 points soon after midnight. So he begins the process of tweeting — taking it all very slowly, [...]

By |2019-10-11T11:02:34-04:00October 11th, 2019|Morning Thoughts by Kenny Polcari|

Stocks continued to come under pressure yesterday as the tension between the US and China continues to boil over…

The US commerce department late Monday added some 28 Chinese companies to an ‘export Blacklist’ because of human rights abuses in Xinjiang – meaning that US suppliers will be barred from providing technology that originates in the US to the Chinese firms identified, which only lit the fuse yesterday causing the algos to hit the [...]

By |2019-10-09T11:02:16-04:00October 9th, 2019|Morning Thoughts by Kenny Polcari|
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