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Daily Market Commentary

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  1. FOMC Day


    Stocks rallied again on Tuesday with the Dow adding another 89-points. Small caps led the way yesterday and bonds also posted a gain. Today, Janet Yellen takes the stage so the market will get a better idea of her thoughts on the economy, and monetary policy - possibly a market mover.

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  2. Low volume rally


    Stocks opened sharply higher on Monday, and while Monday morning gaps have a tendency to not be be trustworthy, the indices actually held onto the gains - or most of them - all day. The Dow ended the day up 182-points, while small caps lagged and bonds pulled back.

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  3. Russia, Yellen, and Support


    Stocks were mixed on Friday but there was certainly tension in the air leading into weekend that would see a referendum on whether the
    annexation of part of the Ukraine by Russia would pass. The Dow lost 43-points while the small caps put together a fairly good day.
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  4. Another intraday reversal


    Stocks opened higher on Thursday but things quickly fell apart and the indices deteriorated all day. The 231-point decline in the Dow sounds awful and intraday charts look bad, but the indices didn't get totally clobbered as the losses were 1% to 1.4%. Bonds rallied.

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  5. Buyers not dead yet


    Stocks were mixed again yesterday as the Dow lost 11-points, the S&P was up slightly, small caps led the way up, and the I-fund fell sharply. Bonds had a nice and broke above some key resistance.
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