Good morning, We are not sure about the number of new people recreationally using marijuana in states where it is now legalized, nor can we offer much insight into reported rising temperatures due to global warming. We can however, tell you with certainty that all three major stock market averages closed at new all-time record highs last week. The Dow …
Good morning, First, we would like to thank all of the Veterans that have served our country allowing for the rest of us to go about our day without some of the worries that so many in the world deal with each and every day. We would also like to thank the families of those veterans as they have to …
Good morning, “Happy” is a song that was written and produced by Pharrell Williams, and was a soundtrack for the animated movie Despicable Me 2 in 2013. We are not sure what that happiness was all about, but we can certainly tell you why the stock market is happy, as all three major indexes – the Dow Jones Industrial Average, …
Good morning, Looking at some highlights from earnings season so far and stocks that moved after their reports: Harley-Davidson and Tesla shares both drove higher after the companies posted better-than-expected earnings; Procter & Gamble shares were looking good after an earnings and revenues beat, in part due to increased sales from their beauty segment; Sherwin-Williams painted a pretty picture with …
Earnings Season! Good morning, With a refreshing dip in temperatures and the scenic leaf colors here in New England, fall is one of our favorite seasons – but it does not compare to earnings season! As the market adage tells us – earnings are the mother’s milk of stock prices. Earnings Season gets going in full force this week as …
Good morning, The stock market averages moved notably lower early last week after the Institute for Supply Management reported its Manufacturing Index came in at 47.8 last month, lower than market expectations for 50.2 (levels below 50 indicate contraction). This was the lowest level since 2009, and put worries of the “R” word (yes, recession) on the minds of investors. …
Good morning, The major stock market averages fell on Friday after reports Chinese trade officials cut their visit to the U.S. short, reducing hopes that the US and China are any closer to a trade deal. For the week as a whole, stocks posted modest losses and had their 3-week winning streak broken. The Dow Jones Industrial Average dropped 1.1%, …
Good morning, The Dow Jones Industrial Average (with its slight gain last Friday) has now risen eight days in a row. The market has positive momentum based on a more constructive tone surrounding the trade negotiations between China and the U.S., as well as monetary stimulus from the European Central Bank, and rising Treasury yields here, which indicate an easing …
Good morning, Market momentum turned positive during the middle of last week – the Dow Jones Industrial Average rose over 200 points last Wednesday on easing tensions in Hong Kong – and jumped over 400 points on Thursday after the U.S. and China agreed to hold trade talks. The trade dispute between the world’s two largest economies has been escalating …
Good morning, Early last Friday morning when we began thinking about the topic for this memo, we thought we’d be discussing a decent week for the market and analyzing Fed Chair Powell’s comments at the Jackson Hole Economic Symposium in Wyoming. As we know however, the mood of the market changes like the weather in New England – often, and …
