Daily State of the Markets
Goldilocks Remains In The House, But...
Good Monday morning and welcome back. Markets around the globe appear to be following Wall Street's lead in celebrating Friday's better-than expected Jobs report. A report that fit nicely in the Goldilocks category as far as the stock market is concerned.
While the mood may prove …
Jobs Report Suggests Growth Story Intact
It's the first Friday of the month, which means it is time for the Big Kahuna of economic data - the jobs report. So, without further ado, let's get to the report and review the bevy of numbers.
The headline everyone focuses on new job creation for the month. So, let's get right t…
The Big Reason Not To Be Negative Here
In my humble opinion, one of the keys to success in the investing business is the ability to remain both objective and flexible. Early in my career, I would occasionally "fall in love" with my positions, largely due to the fact that those positions had proved successful. In short, I didn'…
Is "Italeave" The Next Problem?
Well, that was interesting. I don't know about you, but I had a pretty severe case of déjà vu yesterday as the global markets freaked out over the potential for an "Italeave." We've definitely seen this movie before as the European banking crisis dominated the markets from 2…
Time To Dust Off The Euro-Crisis Playbook?
Good morning and welcome back. One of the great things about taking some time away from the keyboard and your daily routine is it gives you time to reflect on the big picture stuff as well as what you are doing on a daily basis. On the latter, I've decided to try and make my weekly indica…
Indicators Suggest Conflicted Environment Remains Intact
Greetings from Seville, Spain, home of the Alacazar - a royal palace built in the 8th century. This is my first trip to Spain and I have to say that I am very impressed. Although I can barely count to 10 in Spanish, I am finding the people to be very friendly and helpful, breathtaking sig…
Is It Time For Investors To Exhale?
As I have mentioned a time or two lately, I have been trying not to write on Friday's. However, I must admit that I'm feeling a small (emphasis on the word, small) amount of guilt over the idea of heading to Spain/Portugal for the next two weeks. So, I'm going to go ahead and pen one more…
Not a Crystal Ball, But...
In yesterday morning's market missive, I opined that investing based on one's "view" of what might happen next in Ms. Market's game is not exactly a path to success. However, I also suggested that having a "view" can be helpful when it comes time to pull the trigger on a trade or a change…
Remember, It's Okay To Be Wrong. Just Don't Be...
As I have mentioned a time or twenty, I believe in a rules-guided approach to managing the markets. The idea here is fairly straightforward. I have learned over my 30 years of professional investing that staying in tune with the weight of the evidence (as in cold, unemotional, objective m…
Another Tweet Kills The Mood, For Now
Word that Warren Buffett's Berkshire Hathaway had purchased a cool 75 million shares of Apple (NASDAQ: AAPL) during the rather bumpy ride that was the first quarter of 2018 certainly improved the mood on Wall Street. Most credit "The Oracle of Omaha" with Friday's big rally as well as Mon…