Today is Veteran’s day in America, a time to say thank you to each and every veteran you see. NYC will be celebrating by hosting the Veteran’s Day Parade and I humbly ask that you consider supporting a veteran’s cause. My hope is that you will consider the Headstrong Project (Getheadstrong.org). It is an organization [...]
Stocks marched higher as expected once the headline that rocked the world hit the tape. The US and China are moving down the path of cooperation. Phase One of the deal is coming and with it are the rollbacks of tariffs on BOTH sides of the aisle. The Americans and the Chinese have apparently (or [...]
Stocks felt constipated yesterday, as if in a holding pattern, reacting only to the news that the US/China trade talks are being postponed until mid-December. When that headline came out, the market took a brief hit. At 11:44 am, the S&P, the Dow, and the Nasdaq all took a fairly big, swift kick in the [...]
Stocks danced around all day, teasing a bit higher only to back off. It traded in a tight 11 point range all day for the S&P (3072/3083) before ending the day lower by 3.65 points at 3,074.62. The Dow advanced by 30 points as it closed at a new high, the Nasdaq advanced by 1 [...]
The averages RIPPED higher as the good news continues to hit the tape. Recall that over the weekend, the Minister of Commerce in China made mention that the two sides were making “substantial progress” and then on the Sunday morning talk shows our own Wilbur Ross reiterated that story. So they “set it up” and [...]
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. [...]
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, [...]
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 [...]
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 [...]
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 [...]