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A combination of a better than expected jobs report and a healthy earnings report from Apple triggered a massive rally on Friday to help repair a month that had gotten off to a very poor start. The Dow gained 547-points on the day and small caps led the way with a 2.23% gain. Bonds were down sharply as the stronger than expected jobs report pushed yields higher. It may get the Fed a little more hawkish, but the next FOMC meeting still is more than 5 weeks away.

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Jobs reports are tricky for investors. There is a balance that needs to be respected. A balance of a healthy economy and a market friendly Fed. Picture a tightrope walker, also known as a funambulist. The funambulist is the market, their tight rope is the support keeping them (prices) from falling.

The funambulist fears both sides of the wire. On the right he has inflation deteriorating his purchasing power, a worry about the cost of tomorrow. On the left he has a central ...

Stocks pulled back during post Fed rate hike, and pre-Apple earnings, trading. The indices closed off their lows but the losses were a bit heavy. Smalls caps lagged again as the weakness in regional banking sector continues. Bonds and the F-fund were down after the big 2-day rally. As we get past some of the major earnings releases and the Fed meeting, the market will be looking for the next catalyst and all eyes will be on this morning's jobs report.

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Stocks gave up some early gains yesterday after the Fed delivered their 0.25% interest rate hike, updated policy statement, and press conference. The choppy action on an FOMC day is typical but the Fed Talk felt like an uncommitted outlook on future hikes or cuts. Perhaps that means more of the same ahead as many of the large cap indices trade in a range. The Dow lost 270-points, the S&P and Nasdaq were down moderately and small caps held up well and and closed flat, although well off their ...

Stocks opened lower on Tuesday after some nervousness over those regional banks again. Meanwhile the back and forth in bonds, the dollar, and stocks is giving investors a headache. The Dow lost 367-points and losses were between 1% and 2% despite the indices closing off their lows of the day after some afternoon buying. Today is day #2 of the FOMC meeting and expectations are for another 0.25% interest rate hike. What isn't expected is what the Fed may say about their next move.

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