In a relationship

In a relationship.  Stocks rallied for a second straight day on renewed trade hopes as China appears to be holding out an olive branch.  Despite some disappointing GDP figures and earnings results investors were elated that the US and China were talking again.   MY TWO CENTS   1.  U good bro’?  Yesterday’s apparent overture was…

Joy riding

Joy riding.  Stocks rose yesterday as no bad news on trade hit the tape.  Crazy UK politics was not enough to upset investors who took the glass half full view and bought equities.   MY TWO CENTS   1.  A tale of two yields.  Although investors don’t generally invest in the S&P500 index for its…

Seesaw.

Seesaw.  Stocks reversed early gains yesterday to close in the red as the bond market challenged the President’s claims.  No trade news left investors debating whether or not a phone call actually came from China over the weekend and ultimately the yeses lost.   MY TWO CENTS   1.  A specter of things yet to come.  Yesterday’s…

Up, down, to, and fro.

Up, down, to, and fro.  Markets bounced yesterday on the President’s reporting that China wants a deal.  In the wake of last Friday’s disastrous session for stocks, Trump’s warmer tone offered a reprieve from the fear trade.   MY TWO CENTS   1. He said Xi said.  Stocks rallied yesterday after President Trump announced in a…

Regrets, I’ve had a few

Regrets, I’ve had a few…. Stocks plunged on Friday in response to a trade war escalation while the Fed attempted to instill confidence.  Friday’s session was a roller coaster brought on by a series of Trump tweets, which overshadowed Powell’s dovish speech.   MY TWO CENTS    Be careful what you wish for.  On Friday morning…

A view of the mountains

A view of the mountains.  Stocks posted a mixed close yesterday as traders awaited the Jerome Powell’s Jackson Hole speech this morning.  Surprisingly weak economic news and hawkish comments by some Fed officials were not enough to douse the dovish hopes of traders.   MY TWO CENTS    Great expectations.  All eyes will be on…

Shopping, not stopping

Shopping, not stopping.  Stocks rose yesterday as retail showed resolve in earnings.  Consumers continue to shop, keeping the retail sector and the economy moving forward.     MY TWO CENTS    Split decision.  Investors were left somewhat stunned, if not disappointed when Fed Chairman Jerome Powell said that last month’s rate cut was a mid-cycle…

Give me a sign

Give me a sign.  Stocks pulled back slightly yesterday as investors await some direction from the Fed.  A pile of confusing statements by the President left traders scratching their heads wondering if what he said was good or bad for stocks.   MY TWO CENTS    The ball is back in Jay’s court.  Markets have…

A Trifecta of Hope

A trifecta of hope.   Stocks rose a second session in a row on dovish intentions from China and Germany combined with a small positive move on trade.  Once, again, buyers rushed in to buy stocks hoping to cash in on the recent downturn in equities.   MY TWO CENTS    Some shelter in a growing…

Retail Therapy

Retail therapy.  Stocks traded higher on Friday as investors looked to buy cheap stocks while bond yields finally stopped falling.  Bond buying finally relented on Friday and stock investors stepped in to buy the dip even in the wake of low confidence numbers.   MY TWO CENTS    If you say so.  Controlling the narrative…