The broader market once again closed at a record high; bond yields soar

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 [...]

By |2019-11-11T10:03:11-05:00November 11th, 2019|Morning Thoughts by Kenny Polcari|

Stocks Felt Constipated Yesterday

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 [...]

By |2019-11-07T10:08:49-05:00November 7th, 2019|Morning Thoughts by Kenny Polcari|

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|
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