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Stocks opened down on Monday and the action was choppy to start the week with traders anticipating the FOMC meeting where a rate hike was expected from the Fed. The Fed did raise rates as expected which was followed by a sharp sell off in stocks and a rally in bonds. The knee jerk reaction from investors and computer programs was not likely from the rate hike, that was a near certainty, but rather from the more hawkish words of Fed Chairman Jerome Powell signaling the Fed is preparing to take the ...

Stocks had a solid day of gains on Thursday although they peaked about midday and gave back a lot of their morning gains by the close. The Dow gained 55-points, but that was 120-points off the highs, and we saw similar declines in the other indices. The bulls were able to hold off the bears from completely erasing the gains, although the small caps lagged again and did give back virtually all of it's early gains. Volume was quite light so it seemed many eyes were on the Supreme Court nominee ...

Stocks were up early yesterday and drifted even higher in early afternoon trading, but we had some fireworks after the FOMC rate hike and policy statement were announced. Initially stocks went even higher after the rate hike. The S&P filled an overhead gap and the Dow was up over 110-points at the highs, but then it all came tumbling down. Depending on the index the losses weren't too bad, but the decline from top to bottom yesterday was fairly dramatic.

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The Dow, the Transports, and the S&P 500 were all down yesterday, while the Nasdaq, small caps, and the I-fund were up. That's just the way things have been going lately. There was some weakness into the close as we head into FOMC meeting day 2.

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Once again it was a mixed day on Wall Street. This time it was the Dow that was down big, and the Nasdaq led on the upside with a small gain, but it battled back from a near 1% loss near the open. The S&P 500 and small caps finished down but just modestly, while the I-fund was down after a day that the dollar rebounded from an early sell-off.

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