The S&P and Nasdaq do it again, managing to close at another record as the 4 pm bell rung at 11 Wall Street. The path of least resistance appears to continue to be UP. It is the usual suspects that continue to fuel the rally: easing trade and geo-political tensions, an accommodative FED (and other [...]
10:05 am, January 10th, 2020, the Dow tops 29,000! The S&P hits 3282, the Nasdaq 9235, and the Russell traded at 1666. The good times rolled on: easing geo-political tensions, signing of the Phase One trade agreement, coming earnings, and continued robust macro data all adding to the excitement. Friday’s NFP (Non-Farm Payroll) reported [...]
“I can see clearly now the rain is gone. I can see all obstacles in my way. Gone are the dark clouds that had me blind. It’s gonna be a bright (bright) Bright (bright) sunshiny day. I think I can make it now the pain is gone, all of the bad feelings have disappeared. Here [...]
“…remember it is just the NEXT headline that can change the tone dramatically…” BREAKING NEWS – FLASHING HEADLINES “The Iranians are STANDING DOWN” “No Americans were harmed in the Tuesday night attack by the Iranians” “The US will immediately impose additional punishing economic sanctions on the Iranian regime” And the one that sent Nancy Pelosi [...]
I ended yesterday’s note with this comment: “… remember it is just the NEXT headline that can change the tone dramatically, and that headline can go in either direction. While we don’t expect any real positive headline right now, the risk remains to the downside. So just stay the course. We are solidly in the [...]
Stocks began Monday weaker, following in the footsteps of Asia and Europe as those markets began the week in the RED. The S&P falling 20 points on the opening trade, testing the 3214 level, right smack in the middle of the range where I have been saying stocks should find support. In fact, In yesterday’s [...]
And BOOM! It wasn’t even 24 hours into the new year before the Iranians began to cause trouble, by launching an attack on the US embassy in Iraq and then the follow through by the US on Friday. The airstrike targeted Iranian General Soleimani and his sidekick, military commander Abu Mahdi al-Mohandes. Global markets reacted [...]
And here we go… stocks set NEW highs on the first trading day of the new year and new decade, giving everyone the sense that it was history repeating itself. “the Roaring 20s” It started with good news out of China, better economic data and an injection of “fresh liquidity” into the banking system, sending [...]
Good morning and Happy New Year! Stocks managed to end the day and the year higher. As the final bell of 2019 rang, the indexes ended the day up, with the Dow adding 76 points, the S&P tacking on 9 points, the Nasdaq up 26 and the Russell up 4 points. And the year? Outstanding, [...]
Good morning, afternoon, or evening and Happy New Year. Say goodbye to 2019 and hello to 2020. And so another year has come and gone. Today is Dec. 31 and leaves us to wonder: Is the year really over? Yes, it is, as we know. Time does NOT stand still and nor do the markets. [...]