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Good morning We have been chopping around all week with concerns about North Korea talks falling apart, a potential China trade war, NAFTA not meeting the Friday deadline, the rising dollar and energy prices and the Fed being overly aggressive on inflation concerns. However, even with all those concerns, the markets have held up fairly well. Neither bulls or bear are really taking the reins as we chop
Read MoreGood morning Biotech and health care could be sectors to keep an eye on today as Trump is set to give a speech on drug pricing later today. We have had a nice week with equities being up over the last 6 trading days. However, there are still caution flags in some sectors and indexes. We have potential price resistance and moving averages to contend with. A pause to refresh may be in order. The strongest sectors have been energy, tech, and small caps. We are testing potential price resistance near all time highs for the IWM and we have a few short term.
Read MoreGood morning Equities have struggled this week and throughout this earnings season even though we have seen some really strong numbers and guidance from the bulk of the earnings that have been reported. It is looking like those earnings were already priced in and in some cases the equities were over priced relative to their earnings performance. There are several sectors that continue to struggle and
Read MoreFears of a global trade war seem to be subsiding after Peter Navarro appeared on CNBC explaining the Trump administrations position on trade. The most recent economic data released this week also indicates that the economy and wages aren't running rampant and suggests that the fears of runaway inflation were a bit overdone. However
Read More"Limiting losses is by far the most important trading component. Capital is the inventory of a trader. Lose the inventory, business is over." Peter Brandt Good morning As a strong earnings season comes to a close the strong earnings did not have as much of an impact as they normally do. There were a record percentage of companies that beat consensus estimates yet the political climate, new fed chairman, macroeconomic and overall valuation concerns stifled share price reaction.
Read MoreGood morning Equities are gapping lower following the reaction around the globe over the proposed tariff on steel and aluminum from the Trump administration. Concerns over a trade war are and an inflationary impact from this move is roiling the markets. The dollar and oil are also weak in premarket with gold showing some strength. Nothing is set in stone.. the markets are sending a message that they do not like the action President Trump is taking. If the markets continue to sell off maybe there is some hope out there that he will change his mind before making it happen next week. Either way I
Read MoreGood morning This week has been fairly volatile as concerns of inflation and the amount of potential interest rate hikes have weighed on investors minds. Those concerns may be put to rest today once Jerome Powell (the new Fed chair) releases his monetary policy report later today which will serve as the blueprint for his testimony before congress next week. We could get a
Read MoreGood morning Equities have had an impressive rally back after last weeks volatility. Fears of inflation and a new Fed potentially being overly aggressive with rate hikes and sending the economy into a tail spin appear to have abated for now. It always amazes me how quickly sentiment can change.
Read MoreGood morning We are looking at a premarket bounce in equities as we avoided another government shutdown. Volatility is back and with it fear has taken hold. Nobody knows when it will be over but for you long term investor types this is the opportunity to buy good stocks on sale
Read MoreGood morning It has been a tough week for the bulls and if we close done today it will be the first down week in the last 11 weeks. Earnings have been relatively strong but equities were a bit ahead of themselves after the strong run up in January. We have the jobs number today and if that comes in really strong, even though it would be a sign of a vibrant economy, it could be concerning for the markets...
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