Market

Deep Kimchi

August 14th, 2017|

By Pete Biebel, Vice President

The market had its worst week in quite some time last week.  The Dow Jones Industrial Average (DJIA) lost 1.06% for its worst week since March.  The broader, but still high-cap S&P 500 Index (SPX) fell 1.43%, its worst weekly loss since before the election.  The even broader and smaller-cap Russell […]

Broken Record

August 7th, 2017|

By Pete Biebel, Vice President

The Dow Jones Industrial Average (DJIA) has posted gains for nine consecutive sessions and has reached a new record level on each of the last eight of those days.  The daily reports are beginning to sound like a broken record.  “Broken record” is one of those outdated similes and metaphors that […]

No Week at the Beach

July 31st, 2017|

By Pete Biebel, Vice President

In the middle of summer, at the height of the vacation season, the stock market often lapses into dreary, dog-days sessions. Seeing that the S&P 500 Index (SPX) ended last week with a miniscule net change of just -0.02%, returning vacationers might conclude that they’d missed nothing of significance. In retrospect, […]

In Tent City

July 24th, 2017|

By Pete Biebel, Vice President

Again last week, the lack of volatility in the overall market averages camouflaged the intensity of the price action in several industry sectors. A three-ring circus of earnings reports, plunging interest rates and a weakening U.S. Dollar led to jumbo moves in individual stocks. Despite those entertaining sideshows, the continuing decline […]

Elvis is Back in the Building

July 17th, 2017|

By Pete Biebel, Vice President

Last week, the market’s favorite rock star returned to reignite the party. The seductive gyrations of the Technology sector over the past six months inspired within many market participants a burning love for some of the biggest names in that group. As those stocks displayed their tireless talent to boogie higher, […]

More Roil, Less Highness

July 10th, 2017|

By Pete Biebel, Vice President

The market survived the past two weeks of pre-holiday and post-holiday festivities with mixed feelings. Something akin to, “I spent way too much on fireworks, but I still have my fingers.” The Dow Jones Industrial Average (DJIA) was the brightest sparkler in the box; DJIA gained 0.30% last week to notch […]

Roil Highness

June 26th, 2017|

By Pete Biebel, Vice President

The recent relative calm of the major averages, as they float near record highs, belies the turbulence that is roiling beneath the surface. Both the Dow Jones Industrial Average (DJIA) and the S&P 500 Index (SPX) have been as calm as can be. Respectively, they just finished their third and second […]

Bumps in the Road

June 19th, 2017|

By Pete Biebel, Vice President

Hitting a depression or bump in the roadway can cause a vehicle to momentarily change course. The degree to which the course is altered is a function of the vehicle’s speed and mass and the relative size of the fissure. For example, imagine the difference between crossing a set of railroad […]

Look Out Bello!

June 12th, 2017|

By Pete Biebel, Vice President

The market’s flightpath seemed to be right on course through the first 90% of last week. The averages were able to maintain their trajectory near recent record highs. The NASDAQ Composite (COMP) continued to gain altitude with big tech stocks in particular providing much of the lift. Some midweek turbulence had […]

Whistling Past the Covfefe

June 5th, 2017|

By Pete Biebel, Vice President

The old expression “whistling past the graveyard” is an idiom for people who remain leerily cheerful in scary or ominous circumstances. Continuing to slather on sunscreen even while a thunderstorm looms nearby is an example. Lately, the U.S. stock market has been whistling to new highs on signs of a strengthening […]