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Daily Market Commentary

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  1. FOMC and rate hike day

    Stocks were mixed yesterday but the big two, the Dow and S&P 500, made new highs yet again. The Dow gained 119-points, off the early highs but impressive non-the-less. Tax reform is getting closer and the Fed is on deck to tell what they plan to do with interest rates so there are catalysts out there that could propel stocks into the end of the year, or pull them back before the normal late December Santa Claus rally begins.

  2. Bitcoin mania overshadows stocks market rally

    Stocks were up slightly for most of the day on Monday, but a late push higher gave the major indices a boost into some solid gains. The Dow added 57-points while small caps were flat and the Transports were down slightly. Historically, seasonality gets a little more negative this week, but yesterday showed why it seasonality is not a primary indicator. ...
  3. Stocks rally on jobs report

    Stocks opened higher on Friday after a better than expected jobs report. The Dow gained 118-points, or about 0.5%, while the S&P 500, Transports, and Nasdaq produced similar gains. A temporary continuing resolution to avoid a government shutdown was passed after the close on Thursday contributed to the rally. ...
  4. Bounce back before jobs report

    Stocks saw a healthy bounce on Thursday with gains across the board, both large and small cap, plus Transports and tech. It may have just been an oversold bounce after the recent dip, but it seemed like business as usual for the 2017 market. The Dow gained 71-points and small caps led on the upside.
  5. Big week ahead - jobs report, gov't shutdown?, FOMC, tax cuts...

    Stocks bounced around above and below the break-even mark yesterday with varying closing results for the indices as the rotation from one sector to another continues. The Dow lost 40-points, which was the lows of the day, while the S&P was flat, and the Nasdaq caught some bargain hunters after its recent decline, and closed just off the day's high. ...
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