October chill

October chill.  Stocks dropped yesterday as recession fears gripped traders.  Tuesday’s weak manufacturing number combined with an unexpectedly weak employment number spooked investors.   MY TWO CENTS    Halloween’s early arrival.  October has always been an interesting month for the stock market.  It marks the beginning of the 4th quarter – that final push to…

Swing and a miss!

Swing and a miss!  Stocks plummeted yesterday on weak manufacturing data, increasing fears of a recession.  Stocks quickly erased early gains when data showing a second month of contraction in manufacturing hit the tape.   MY TWO CENTS    Our survey says:  The number that got traders in a tizzy yesterday was the Institute for Supply Management’s…

No restrictions… kind of

No restrictions… kind of.  Stocks rose yesterday as the Treasury walked back its reported plans to restrict US investment in China.  Happy investors were unfazed by a weak PMI number and chose to buy on trade hopes.   MY TWO CENTS    The most hated rally.  With the third quarter in the books it is worth…