Flying turkeys? Turkeys may not be able to fly, but US Stocks surely did on Wednesday in preparation for Thanksgiving. Investors gave thanks on Wednesday as markets reached new highs. NOTEWORTHY Economics 101. There was a flurry of economic data released on Wednesday suggesting that the US economy is hanging in there. Annualized…
Gotta’ keep moving. Stocks continued their climb yesterday on more trade optimism. Consumer sentiment slowed a bit but still remains solid. MY TWO CENTS 1. Unflappable. Ah The Consumer. My favorite, if not platitudinous, topic. The term Consumerism is defined differently depending on which dictionary you use. The Oxford Dictionary offers two primary definitions, one common and…
Record breaker. Stocks surged to new record highs on trade optimism and mega mergers. A deal with China inches closer and bulls are betting on big gains for the year-end. MY TWO CENTS 1. small is BIG. I, myself am sometimes guilty of it. When analysts say things like “stocks are up”, they are usually…
Where there’s a will… Stocks charged ahead in Friday’s session, trading up on positive sounding messages from both President Trump and President Xi. Strong earnings from Nordstrom caused a retail sector bounce. MY TWO CENTS 1. … there’s a way. In the next chapter of the epic saga between economic behemoth United States and manufacturing juggernaut…
Talk is cheap. Stocks slipped yesterday as investors continued to be uneasy about a phase one trade deal. Presidential musings kept stock bulls at bay for a third straight session. MY TWO CENTS 1. It takes very little to satisfy. I have written several times in as many days about the market’s somewhat complacent attitude…
What goes up… Stocks sold off yesterday as the phase one trade deal appeared to be in peril. Stronger earnings from retailer Target and Lowe’s helped the sector recover somewhat from Tuesday’s slump MY TWO CENTS 1. This was supposed to be easy. Here we go again. Just when you thought it…
Merchandising mayhem. Stocks pulled back yesterday on worrisome retail earnings. Investors were still wondering whether we will ever see a comprehensive trade deal with China. MY TWO CENTS 1. Gimme a sign. Yesterdays chaos in the retail sector is a stark reminder of a topic which I often cover in an almost mantra-like fashion. The…
Frothy. Markets continued to melt up yesterday despite questions about a trade deal. A closed door meeting at the White House caused speculation in the bond market. MY TWO CENTS 1. The big disconnect. I just can’t help myself. They say ignorance is bliss… and I believe it. There are days when I watch…
Off to the races. Stocks raced to new highs after Larry Kudlow, stock whisperer, willed indexes up. Mixed to bad economic numbers were largely put aside in favor of trade talk optimism. MY TWO CENTS 1. Really, people? Friday was a session of unbridled optimism, even from the view of a casual observer. First…
Drying paint. Stocks were barely changed yesterday as US – Chinese trade talks stall. The Fed offered no new hints of stimulus and appears to be happy with the status quo. MY TWO CENTS Infinite loop. If you didn’t know any better, you would have to check the date of this post, but…
