Below Deck

Below deck.  Stocks were hit hard yesterday after traders digested economic news over the weekend and Chinese economic numbers were worse than expected.  A regional Fed report showed manufacturing conditions in the region deteriorated by a record amount confounding fear in yesterday’s trade.   N O T E W O R T H Y –…

Winter in Springtime

Winter in springtime.  Stocks rallied in an epic snapback on Friday in response to Government action.  The move in stocks almost made up for the prior day’s loss which was the largest single day percentage loss since 1987.   N O T E W O R T H Y – Special Edition   News Flash. Yesterday, WHILE YOU…

Aches Aplenty

Aches aplenty.  Stocks were hit hard yesterday after being disappointed by Wednesday night’s Oval Office speech and the ECB’s keeping rates steady. The Fed stepped in with a massive liquidity package which was only met by a brief applause before the selling intensified into the close.   N O T E W O R T…

Madness, Continued

Madness, continued.  Stocks fell yesterday on upset hopes of stimulus and the WHO labeling the Coronavirus a pandemic. The eleven year old bull market ended for the Dow Jones Industrial Average, which entered bear territory yesterday.     N O T E W O R T H Y   Sitting bull.  Bull markets don’t last…

Promises, Promises

Promises, promises.  Stocks rebounded yesterday on hopes that the Administration will provide relief for virus stricken workers and companies. Treasury yields swung wildly upward continuing their unprecedented behavior.   N O T E W O R T H Y   Actions, not words.  The time appears to be now.  Surprisingly, many are just beginning to…

Time Out

Time out.  Stocks sold off yesterday objecting to the cocktail of crude oil and coronavirus.  Bond yields continue to fall catching money fleeing from equities.   N O T E W O R T H Y   Description: Stocks have been on shaky ground since it was announced that the Coronavirus brought economic heavyweight China’s industrial…

Slippery Argument

Slippery argument.  Stocks fell on Friday as Coronavirus fears continue to grip the markets. Crude oil fell along with the energy sector as the Saudis failed to make a deal with the Russians on supply cuts.   N O T E W O R T H Y   Don’t be a hero.  Stocks had a…

Dancing Bears

Dancing bears.  Stocks sold off yesterday as traders responded to the inevitable spread of the Coronavirus.  Treasury yields continue to fall as investors rush into safe haven assets.   N O T E W O R T H Y   All eggs in one basket.  In times like these, the case for diversification is thrown…

Fresh Breeze

Fresh breeze.  Stocks powered up yesterday as Wall Street got political and Congress gave a nod to financial markets.  Ten-year treasury yields ended yesterday’s session below 1% for the first time ever indicating that bond traders think that the economy is not out of the woods yet.   N O T E W O R…

Simulus Resistant Strain

Stimulus resistant strain. Stocks fell in yesterday’s session after investors decided that lower rates were not enough to cure the virus.  Treasury yields plumed new lows as investors rushed into safe assets.   N O T E W O R T H Y   Be careful what you wish for.  I have been reporting that the…