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June 29, 2024
Lucrative. [ ka ching ] especially when the risk seems washed out by multiple town days including days like today that opened horrendously. The dow at one point down 135 points but then finishing strong. Hallelujah the dow gaining only 68. Nasdaq climbing. 86 . It was the kind of comeback that only happens when a market is oversold and investors have said, enough already. Im going to hold on to what i have left. What do i mean when i say the market is making sense . How about the fact that the s...
June 29, 2024
For the major market indexes on wall street today. But first we begin in washington with the latest round of talks to renegotiate the north American Free trade agreement or nafta got under way. The talks are expected to be tough between the u. S. , canada, and mexico. Today canadian Prime Minister Justin Trudeau brought his case directly to the oval office. Kayla tausche has more. Reporter in a meeting with the canadian Prime Minister, President Trump said tough negotiations are ahead over trade...
June 24, 2024
On a day like today where the dow sank 130 points. Nasdaq lost 1. 3 . My nonpoetic logic helps you Stay Grounded and thinking about what matters if you want to make money in the stock market. Lets think about the process of buying stocks. We have very big trends going the way of the bulls. They dont go that way every day. Oils going higher. China is bottoming. And the dollar is getting weaker. Allowing companies to raise their numbers when they give us a forecast. The stock market gave up some o...
June 23, 2024
Being against a rate hike and accepting its not inevitability are two very different things. We need to understand the difference. While you may not like it, you need to start accepting it. First, he get that we cant have ultralow rates forever, even if theyre good for the stock market for the duration. Eventually too much money chases too few goods and we get inflation. Inflation is pernicious. There are reasons weve never had ultralow rates forever. It has to do with the inevitable debasement ...
June 23, 2024
By higher rates. Right now, after that barn burner of anmployment number last friday, its difficult to fret over job losses. Ive been worried about the precariousness of our trading partners like china. But china is back in bull market mode, even if the strength is in consumers and not industrialrelated. The data out of europe is pretty strong, that i follow. We know a lot of the strength comes from weaker euro. Companies that sell in europe rows are taking share from american competitors. Thats...
June 23, 2024
Turbo charged inflation. However i am concerned that the first mandate might be upended by higher rates. Right now, after that barn burner of an employment number last friday, its difficult to fret over job losses. Ive been worried about the precariousness of our trading partners like china. But china is back in bull market mode, even if the strength is in consumers and not industrialrelated. The data out of europe is pretty strong, that i follow. We know a lot of the strength comes from weaker ...
June 23, 2024
We need to understand the difference. While you may not like it, you need to start accepting it. First, he get that we cant have ultralow rates forever, even if theyre good for the stock market for the duration. Eventually too much money chases too few goods and we get inflation. Inflation is pernicious. There are reasons weve never had ultralow rates forever. It has to do with the inevitable debasement of our money and dramatic decline in our purchasing power. The fed has two mandates, promote ...
June 21, 2024
Get smoked thats the lesson in todays market where the dow rallied 150 points. S p broke out of the down trend gaining. 87 . And the nasdaq jumped 1. 03 . As we saw real glimmers of hope that the market might be getting over the post alibaba hangover. We usually get this kind of snap back action when sellers have been relentless in their unloading. And one day it turns out that theyve finished selling. And the endless stock supply theyve been providing and knocking the market down with just drie...
June 21, 2024
Investors have reverted to seeking growth regardless of the state of the economy. That was the under current behind the averages down gaining a point. And then nasdaq advanced 0. 19 . Where did we see growth . Today it came in three sectors, bio tech, housing and the group i like to describe as the cold stocks. We are always trying to find order in the market attempting to link the stocks that are going higher with some established pattern or data point. Todays session without official release o...
June 21, 2024
155 points s p up nasdaq gaining. Even though its largely because of the news that greece and the eurozone have reached some sort of agreement on the terms of a bailout to deal with the greek financial crisis. Heres the thing. You better have your biolist ready monday in case it sells off after realizing this greek deal is a total kick the can four months down the road copout. It doesnt solve anything and frankly really isnt even a done deal. So what will we be looking at next week . Whats the g...