Calm before the storm

Calm before the storm.  Market’s traded off slightly in a bumpy day of trade where numbers didn’t matter but tarmac talk saved the day.  Markets started the day soft, trading to session lows by mid morning largely ignoring economic numbers that suggested that inflation was slightly lower than expected.  Later in the session President Trump…

Ease to Please!

Ease to please!  It was a Fed-head fiesta as markets roared upward yesterday in response to the Fed Chairman’s ever-so-slightly dovish speech in the largest positive move since earlier in the year.  Markets began yesterday’s session with a positive posture ahead of what might have been a run-of-the-mill Fed speech at New York’s Economic Club….

Chop to the Top

Chop to the top.  In a choppy day of trade equities ended up in the positive with a little help from an Administration advisor and no surprises from Fed speakers.  As reported yesterday morning, President Trump not only stated that he would allow the second set of tariffs to kick in on Jan. 1, but…

Now That’s The Spirit!

Now that’s the spirit!  Markets rang in the holiday season with a decisively positive day yesterday as holiday spirit ignited traders’ hopes of a year-end rally.  Traders put down their last leftover turkey sandwiches as early reads on the holiday season retail came in showing healthy growth.  Saudi Arabia talked of production cuts, which helped…

Turkey Haze

Turkey haze.  Traders could not muster the energy to rally stocks on Friday’s short session as they pressed the sell button from their couches.  Friday’s abridged session finished off what was the worst Thanksgiving week in years as crude oil plummeted and trade fears rang through the markets.  The result of the selling left already…

Holiday spirits

Holiday spirits.  After a few rough sessions, stocks attempted to show some bull spirit, trading in the green for most of Wednesday’s session only to close mixed on the day.  Seller exhaust was met with value seekers’ quest for bargains as traders grabbed for the badly bruised FANGS, retail stocks, and consumer discretionary shares.  Energy…

Cold Turkey

Cold Turkey.  Yesterday, speculative traders gave up on the dip buying strategy, cold turkey, as stocks sold off leaving both the Dow and S&P in the red for the year.  Markets started the day on their heels, still reeling from Monday’s tech rout, when a spate of disappointing retail earnings hit the tape, and Boeing made…

FAANG Bang!

FAANG bang!  Equity markets sold off yesterday led by the once-loved tech sector in a continuous stream of bad news.  Some high flyers in the technology sector were still reeling from a spate of negative news that hit the tape last week.  Most notable is tech sector leader in spirit and weight: Apple.  Investors have…

Familiar Faces

Familiar faces.  Markets closed mixed with a slightly positive sentiment on Friday as traders juggled with mixed, but very familiar signals from Administration officials, tech companies, and the Fed.  As if to provide analysts with talking points for their year-end reviews, some of this years top themes were front and center on Friday as once-high…

V is for Volatility.

V is for Volatility.  In a volatile session, stocks followed a “V” pattern trading off early in the session only to turn up and close in the green, led by hated-yesterday-loved-today technology.  Markets started the day on negative footing as traders reflected on European Union turmoil and emerging market slowdowns and just when it looked…