Coping With Uncertain Tease

November 12th, 2018|

By Pete Biebel, Senior Vice President

Last week’s article, “It’s Always Tease, Tease, Tease,” questioned whether the market’s recent rebound was the beginning of a new bull market rally or just a bounce in a continuing downtrend.  The first 3 ½ trading sessions last week gave the impression that the bull market was alive and well.  […]

It’s Always Tease, Tease, Tease

November 5th, 2018|

By Pete Biebel, Senior Vice President

That’s a line from the song, “Should I Stay or Should I Go?” by a band called The Clash.  That song’s title is a refrain that many investors have been repeating over the past several weeks.  Thankfully, markets managed to rebound a bit last week with the major averages all […]

A Note from the Trenches

October 26th, 2018|

By Pete Biebel, Senior Vice President

I’ll be traveling this weekend and will not publish my usual Monday market commentary on 10/29.  Hence, I want to offer a brief market update in light of recent market action and knowing that the next regular commentary will not be published until Monday 11/5.

Some thoughts on the market’s October […]

Taxes Hold ‘Em

October 22nd, 2018|

By Pete Biebel, Senior Vice President

In the popular poker game, Texas Hold ‘Em, players are dealt two cards facedown.  Then five community cards are placed face-down in the middle of the table.  Those cards are revealed in three steps.  First, three cards are turned up simultaneously.  This is “The Flop;” players then have much more […]

The Ugly Dunkling

October 15th, 2018|

By Pete Biebel, Senior Vice President

Last Monday, in “Lifting the Veil,” I described how recent strength in the Dow Jones Industrial Average (DJIA) was masking significant deterioration in several previously leading sectors.  That week had given many clues that conditions behind the scenes were not as pretty as DJIA made them seem.  Among the evidence […]

Lifting the Veil

October 8th, 2018|

By Pete Biebel, Senior Vice President

Over the past several weeks, the Dow Jones Industrial Average (DJIA) presented an illusion of broad market strength.  Gains in several of its component stocks enabled DJIA to outperform all of the broader stock indices over the past five weeks.  The mirage continued through the first few days of trading […]

Let’s Give Them Something to Talk About

October 1st, 2018|

By Pete Biebel, Senior Vice President

Last week, the market had a lot of talk, but not much action.  Apparently “no negotiation” plus “no accommodation” plus “no confirmation” equals stagnation.  Stocks began the week with a Monday morning pullback on the news that China had canceled the proposed trade negotiations.  The market recovered into midweek, but […]

The Polytetrafluoroethylene Market

September 24th, 2018|

By Pete Biebel, Senior Vice President

Polytetrafluoroethylene is a synthetic fluoropolymer of tetrafluoroethylene.  It’s better known by its trade-marked brand name: Teflon.  A former reputed head of the Gambino crime family, who was known as “The Dapper Don,” was later given the nickname “The Teflon Don” after he was acquitted on several felony charges.  Get it??  […]

It Ain’t Gettin’ Any Greener

September 10th, 2018|

By Pete Biebel, Senior Vice President

That was a declaration a friend of mine used to make when a driver ahead of him at a traffic light sat still a little too long after the signal had changed.  It was his snarky alternative to, “Come on, Bub.  Whatcha waitin’ for?” or the more mundane, “Move it, […]

Got the T-Shirt

August 27th, 2018|

By Pete Biebel, Senior Vice President

The market had another pretty good week.  And, contrary to the behavior in the previous week, the indices and sectors that had been leading resumed their leadership role.  The lagging indices and sectors, which bounced higher in the previous week, were relegated to bringing up the rear.  The NASDAQ Composite […]