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Anything goes! Yesterday’s session was not one for those prone to motion sickness as stocks sank early on only to rip (trade up) later in the day and close slightly down. The Dow Jones Industrial Average was down as much as 549 points after the open but ultimately rallied late in the session with a...

Digging in. In response to massive Chinese government jawboning over the weekend, Chinese equity markets shot up and dazzled like a firework but failed to win over US investors. All except the NASDAQ, which was the only one of the major indexes that managed to post a positive close in yesterday’s...

Back to square one. Last week was not necessarily one for the record books but it was certainly one fraught with lots of extreme movement for very little return. The major equity indices all ended the week roughly unchanged as the Dow Jones managed a small gain on Friday while the other indices...

Stormy weather! “Don’t know why there is no sun up in the sky”… declares the 1933 song and many stock investors in yesterday’s session. The rout in equities can be attributed to a number of stimuli including weak markets in Asia, Mnuchin backing out of the big Saudi Investment conference, interest...

Hawk squawk. There is an old Wall Street line (yes we have many of them) that says “don’t fight the Fed”. What it means is that if the Federal Reserve is easing rates, bonds and eventually stocks will rally. It is worth stating the obvious that if the Fed is tightening credit (aka pressing on the...

Shake, rattle, and roll… and bounce. I am not sure that Bill Haley and the Comets would approve of the lyric appropriation but the equity market bulls were certainly dancing to the beat as all of the major indexes soared in yesterday’s session. The oversold conditions combined with a strong JOLTS...