Financial Markets Updates

Quick Update

A quick update this week as we had shortened trading sessions with the markets due to the Thanksgiving holiday. Not much happened this week but we will get reports on how retail did with black Friday which looked positive from what I read over the weekend. There is one more Fed meeting before the year […]

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28 Trading Days

We had a fairly choppy week of market activity that ended with an options expiration Friday (3rd Friday of every month). Option expiration dates tend to lift stock prices higher so maybe this phenomenon carries over into next week given the holiday. The House passed the new tax bill this week so its on to […]

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Top Watch?

The news cycle is squarely focused on the proposed tax bill and the stock markets are looking for a catalyst to continue their march higher. As I warned earlier this year, a failure to have meaningful legislative changes in 2017 would be taken as a disappointment and could result in a reversal of the “Trump […]

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Mood Check

I was reading this week that the S&P 500 has now gone 250 trading days without declining more than 3% which is its longest streak ever. Think of having 70 degree weather in January for two weeks in the northeast. Highly irregular and not likely to last much longer. You may not have noticed the […]

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Earnings Spark a Rally

The earnings season is in full swing and so is price volatility. Earlier in the week, notable names such as Mattel, Celgene, Chipotle, Trivago, Baidu, Advance Micro Devices and Expedia all experienced 10%+ declines in their stock prices due to weak earnings and/or a haircut to their expected 2018 growth. These are large moves in […]

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The Murmur of Equities

Not much to report back on this week as the financial markets moved largely sideways. Despite the Fed’s plans to raise interest rates, the bond market has behaved as though the Fed is bluffing and even moved 9 basis points lower on the week. Stocks are moving sideways as if there are consolidating for a […]

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Higher and Higher

The stock market has bypassed the historically weakest month on the calendar and continues to move higher on extreme levels of optimism. These levels of optimism are normally accompanied by some kind of top as investors feel as though, “nothing bad can happen”. The weakness over the summer that we saw in the industrials and […]

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