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Showing posts from January, 2015

January 24, 2015 – Weekend Market Comment

January 24, 2015 – U.S. stocks mainly retraced on Friday, with the S&P 500 halting a four-session winning run, as investors considered economic data, energy costs and a reduced 2014 earnings estimate from United Parcel Service. Near session lows, the Dow Jones Industrial Average declined 141.38 points, or 0.8 percent, to 17,672.60, with Exxon Mobil leading blue-chip losses that extended to 24 of 30 components.

The S&P 500 shed 11.33 points, or 0.6 percent, to 2,051.82, with materials and telecom hardest hit and utilities and technology faring best of its 10 major sectors. The Nasdaq gained 7.48 points, or 0.2 percent, to 4,757.88. For every three stocks rising, nearly four fell on the New York Stock Exchange, where 785 million shares traded. Composite volume cleared 3.6 billion.

What I Think . . . My guess is after four strong days we're going to be in lockstep with energy prices. This is indicative of the market going forward this year, it's a volatile, extremely nervous…

January 17, 2015 – Weekend Market Comment

January 17, 2015 – U.S. stocks jumped Friday to close higher for a first session in six, while tallying a third weekly drop, as energy led gains with U.S. crude rising and as investors considered a mixed bag of economic reports. Down 1.3 percent from the week-ago close, the Dow Jones Industrial Average rose 190.86 points, or 1.1 percent, to 17,511.57, with Home Depot and Exxon Mobil leading blue-chip gains that extended to 27 of 30 components. The S&P 500 added 26.75 points, or 1.3 percent, to 2,019.42, with energy leading gains that extended to all 10 of its major industry groups, and leaving it with a weekly fall of 1.2 percent.

The consumer-price index declined 0.4 percent in December, with he cost of living falling by the most in half a dozen years following a 0.3 percent fall the month before, the Labor Department reported. A third report had factory production slowing in December, up 0.3 percent versus a 1.3 percent increase in output in November.

What I Think . . .
The market …

January 10, 2015 – Weekend Market Comment

January 10, 2015 – The U.S. stock market ended a volatile week on a down note Friday, with strategists blaming the slide, in part, on December’s jobs report that revealed a drop in wages.

Slumping oil prices and headlines about a dual hostage crisis in France added to the negative mood.  With explosions and gunfire, security forces Friday ended three days of terror around Paris, killing the two al-Qaida-linked brothers who staged a murderous rampage at a satirical newspaper and an accomplice who seized hostages at a kosher supermarket to try to help the brothers escape.

December’s employment situation report received a mixed investor reaction, as the number of jobs added to the economy was strong, however wage growth ticked down.

ISM numbers are still very strong and all are above 55. Anything above 50 favors economic expansion and these numbers are not even close to being below 50. Motor vehicle sales fell, but remain near the 17 million mark (annualize) and strong overall. The labor ma…