Whodunnit?

Whodunnit?  In a volatile day of trade, stocks swung wildly closing down on the session despite news which was somewhat positive leaving traders wondering what had caused the selling.  First the positives. CPI price data showed numbers that suggested inflation is under control, crude oil halted its fall (at least temporarily), and it looks as…

Up and down.  And Everything in Between

Up and down.  And everything in between.  Equity markets posted gains early in yesterday’s session led by beleaguered tech shares only to give up gains later in the day.  With very little in the way of economic or earnings releases markets were, once again, subject to the overall negative sentiment brought on by trade fears…

800 Pound Apple

800 Pound Apple.  Stocks staged significant pullback yesterday on bad news.  Apple had never quite regained its footing since it provided less-than-glowing forward guidance in its earnings release 2 weeks ago.  In a nutshell, Apple warned that they expected the upcoming holiday season to be softer than expected and that iPhone sales are slowing… which…

Ups and Downs

Ups and Downs.  Markets relented some of their gains on Friday as renewed fears of global trade and interest rates overtook Wednesday’s euphoria.  Despite the drops, equities still posted a positive week.  With the midterm elections out of the way (well mostly) and one of the three major unknowns off the table, traders began to…

Take a Breather

Take a breather.  Markets took a day of rest yesterday to contemplate Wednesday’s spring and wait for the Federal Reserve’s uneventful release.  Equity markets closed mixed around breakeven while crude oil continued its slip and bonds traded off.  With very little in the way of stimulus yesterday, traders were left to wait on the FOMC…

Wall Street Approves, For now, at Least

Wall Street Approves,  For now, at least.  After the largely expected election results were out, in which the Dems retook the house and GOP retained control over the Senate, traders elected to buy buy buy sending equity markets straight up.  The S&P 500 closed right around its high of session, well above its 2792 and…

Good to Know

Good to know.  Markets rose yesterday in anticipation of the US midterm elections being over in a low volume day.  Do you hear that?  It is a sigh of relief because now we know.  We know for certain what the pollsters have been predicting for many months.  The Democrats have regained control of the House…

Stay Focused!

Stay focused!  Focus is the name of the game on this morning of mid term elections.  It’s hard to think that the only game in town is the election that will happen today… but it’s not.  To be clear, elections are extremely important and everyone should get out and vote.  But what will the results…

It’s A Marathon

It’s a marathon.  Stocks slid on Friday after bad guidance from Apple, trade fears, and a strong economic number.  Wait, “did he just say STRONG economic number” you ask.  I sure did, but more on that in a bit. Apple released earnings after the close on Thursday and, as reported in my Friday’s note, their…

Timing is Everything

Timing is everything.  Twitter, not the stock, but the application was the leading driver behind a solid market rally yesterday as President Trump tweeted positively about a phone call with Chinese President Xi.  With very little positive market news buyers appeared exhausted yesterday morning as equities seemed to be losing ground but then came the…