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10.31.2017 Bookmark

10.31.2017

Good morning all, welcome to a new day.

So, what was yesterday? Who knows. Maybe the Mueller investigation rattled them. Maybe Tony Podesta stepping down from his own lobbying firm got them thinking this is wider and deeper than they expected. Or maybe it was just a pause day, because Friday was insane?  I'm sure we'll find out.  In any event, we lost 85 DOW points and 8 S&P's, as the market simply didn't have any traction at all.

6.6.2017 Bookmark

6.6.2017

Happy Tuesday to ya.....

Yesterday we closed out the day flat.  The DOW slipped by 22, the S&P by 3. It was another in a long string of low volume pause days.  I'm not positive but I think it was the second lowest volume day of the year. 

12.14.2016 Bookmark

12.14.2016

Hello all, welcome to Fed day.  Yes, today is the day that we'll see our first rate hike in exactly one year.  

Last December, no one thought they'd hike rates, but I continued to say that they would and for just a couple reasons. First, the .25 basis point hike would do nothing and second...they had talked about hiking for so long that if they didn't do it, people might actually start laughing at their analysis of things. 

9.9.2016 - Insiders Club Bookmark


9.9.20146

Things just continue to get ever more curious, don't they?

On Wednesday, the labor department "revised" away approximately 150,000 jobs over the last 12 months.  Many don't know this, but once a year the Government compares its jobs date against a more complete set of information and then "adjusts" what they see. Well, that doesn't happen until February, but they did go ahead in their "first look" and suggest that their numbers are off about 150K.   If you think about that, and add in all the hundreds of thousands of jobs the Birth/Death model added, you come away with the idea that the jobs market is really broken.

1.27.2016 - Insiders Club Bookmark

1.27.2016

Good morning everyone, welcome to another day in the madhouse....

Yesterday the market put in another of its manic, mindless romps higher. Yes oil was up and they liked that, but was there any guarantee that oil would stay up? Nope, and indeed overnight it pulled back again. 

After the bell yesterday, AAPL announced earnings. While they were still spectacular, it was the first time since 2003 that sales growth actually slowed. Tim Cook had to admit that the global economy just wasn't what he thought it would be.  Glad you woke up Tim.

12.16.2015 - Insiders Club Bookmark

12.16.2015


If you're a fan of UFC mixed martial arts, you know that when the main event is about to start, Bruce Buffer grabs the mic and shouts....IIIIIIITTTTSSSS TIIIIMMMEEEEE!!!!

Well it is time. Today we get the Fed's decision on interest rates. After 9 + years of either falling, or historically low - static interest rates, today is the day that the Fed's might bump them up by a quarter of a point.  The first hike in almost a decade is certainly news worthy. But it is also "complicated".

Insiders Club - 10.16.2015 Bookmark

10.16.2015

 

Good morning folks, we've made it to Friday and what an amazingly strange week it's been.


Yesterday was something of an enigma. At the noon hour, the market was struggling to hold green, with the DOW coming down from about 100 points, to just +39 points at one moment. But then shortly after 1, they started pushing things higher and higher and by the time the bell rang to close out the show , we'd gained 215 DOW points, but more importantly, an incredible 29 S&P points, which pushed the S&P up and over the resistance of 2020. 

Insiders Club - 9.14.2015 Bookmark

9.14.2015

Good morning all, welcome back from your weekend. I hope it was a great one for you.

This is way way off topic, but I think it might be educational for some of you...

Insiders Club - 9.11.2015 Bookmark

9.11.2015

Morning all, welcome to the end of the Holiday shortened week.

I don't know if you all watched the action yesterday afternoon, but it sure got lumpy to say the least.  They lit up the afterburners and for a while the DOW was up almost 160 points then it gave almost all of it back and we were only up like... 20 and then in the final 25 minutes we got back to + 78.

Insiders Club - 3.19.2015 Bookmark

3.19.2015

Good morning all, welcome to the day after Yellen....

You all know what happened yesterday. Yellen removed the word patience from the Fed's statement, and then tripped over herself blathering about how they're in no hurry to hike rates and they're going to be all manner of data dependent.  The Street looked at how blatantly she was accommodating stock prices and decided that "she's on our side" and "boom" up we went.

It is almost poetic that the market was screaming higher, when we've now had something like 50 out of 59 economic reports miss their respective estimates. It just goes to show you how terribly addicted to free money we are.

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