Game Day

Game day.  Stocks slid yesterday ahead of today’s big announcement as traders learned, via Twitter, that all may not be so good in Shanghai.  The Fed will drive markets today, but yesterday it was all earnings and Trump… and maybe a touch of Brexit.   MY TWO CENTS   five, four, three, two, one, ignition……

The Waiting Game

The waiting game.  Equities had a mixed day as traders awaited a Fed decision and a surge of economic and corporate data.  With little domestic data to ponder traders turned their eyes overseas and were not sure they liked what they saw.   MY TWO CENTS   Cable is on the ropes!  Cableis a term…

On high but shaky ground

On high but shaky ground.  Stocks were driven higher Friday on good earnings and strong economic data.  Despite not all of Friday’s news being good, stock traders forged ahead to new highs for some indexes.   MY TWO CENTS    The big setup.  Up until the barrage of earnings last week, expectations for Fed rate…

Rate Debate

Rate debate.  Stocks sold off yesterday on disappointing earnings and ECB ambiguity.  Earnings misses after Wednesday’s close overshadowed positive ones in yesterday morning’s pre-bell procession and the ECB failed to provide true clarity on rates, causing markets to sell off.   MY TWO CENTS    As if you didn’t know by now… earnings matter, especially…

Forward March!!

Forward march!!  Stocks closed mixed yesterday with the S&P500 reaching a new all time high as investors sorted through a flood of mixed earnings.  Weak economic data and Department of Justice inquiries were ignored with a yawn by unstoppable bulls.   MY TWO CENTS    What a difference an index can make.  As we wade through…

A Sea of Green!

A sea of green! Stocks rallied yesterday on news of a US-China face-to-face meeting and upbeat earnings.  Traders were too excited to focus on anything bad yesterday, pushing stocks up close to their all time highs.     MY TWO CENTS    It really does come down to earnings.  Yesterday’s market action was partially driven by…

Joyful Sentiments

Joyful sentiments.  Stocks posted modest gains yesterday as investors continued to press go, knowing that the Fed will have their backs.  With no real news, decent earnings, potential advances in trade discussions, and the upcoming Fed meeting traders bought stocks.      MY TWO CENTS    It plays like a broken record.  With the rebirth…

Summer is here….on Wall Street

Summer is here… on Wall Street.  Stocks slumped on Friday as disappointed bulls received clarification from the NY Fed, that its President was not signaling a 50 basis point rate cut.  Traders were too quick to react to a speech by a Fed official and were let down when the Fed felt the need to illuminate.   MY…

Mixed Signals

Mixed signals.  Stocks were up slightly yesterday amid mixed earnings and renewed trade fears.  Stocks spent most of the day in the red but managed to climb into the black on the heels of some positive news in manufacturing and despite disappointing earnings releases.    MY TWO CENTS    Words mean a whole lot.  Especially…

Days of Reckoning

Days of reckoning.    Stocks slipped yesterday as mixed earnings results, weak economic numbers, and trade fears gave traders reason for pause.  Earnings season is here, and it’s time for companies to show their stuff.   MY TWO CENTS    Is a deal happening with China or not?  With so much rhetoric in the form of…