Message in a Bobble

March 27th, 2017|

By Pete Biebel, Vice President

The market dropped the ball last week. It had been kind of sort of juggling the thing all month, trying to carry its winter romp into the spring. Most market averages hit their highs on March 1, the day after President Trump’s address to Congress. At some point during that celebratory […]

Which Witch Glitch Watch

March 20th, 2017|

By Pete Biebel, Vice President

After an unseasonably mild month of February, winter returned to the Midwest and Northeast last week. The Washington Post reported late last week that nearly half of the Capitol City’s cherry blossoms died as a result of the sudden reversal in temperature. Coincidental to the severe change in weather were some […]

Spring Break

March 13th, 2017|

By Pete Biebel, Vice President

Last week, like legions of spring breakers, the stock market decided it was time to head south. All the major averages had slogged northward through the winter months. They reached, what to date, stands as their highs on Wednesday March 1 on the blowout, short-squeeze rally day that followed President Trump’s […]

Please Don’t Squeeze the Shaman

March 6th, 2017|

By Pete Biebel, Vice President

Where we individual investors, the relatively inactive majority, fill most of the pews in the house of worship that is the market, proprietary traders, high-frequency traders and institutional money managers are the high priests. Their day-to-day activity dwarfs that of individual investors. It is their reaction to economic reports, earnings announcements […]

Cracks in the Record

February 27th, 2017|

By Pete Biebel, Vice President

The market averages continued to skate forward last week, though at a noticeably more serene pace than in the previous week. The NASDAQ Composite Index (COMP) barely edged out last week’s mark and both the Dow Jones Industrial Average (DJIA) and the S&P 500 Index (SPX) glided higher by something between […]

Waiter, There’s a Fly in My Soup

February 13th, 2017|

By Pete Biebel, Vice President

The new administration delivered just what the market had ordered over the last few days. On Thursday morning, when President Trump dished-up a pledge that he would serve up a proposal that would be “phenomenal in terms of tax” over the next few weeks, the market ate it up. The major […]

The Flight of the Bumble Beginning

February 6th, 2017|

By Pete Biebel, Vice President

I believe the market is beginning to have second thoughts about the ability of the new administration to fly the economy to new heights. As President Trump is trying to get his agenda off the ground, many of the Republicans onboard are growing suspicious of the new pilot’s aviating skills. Is […]

Da Foist Week

January 30th, 2017|

By Pete Biebel, Vice President

The first week of the new administration will likely not be its last “foist week.” To “foist” is to apply pressure, coerce, or compel to accept something that may not necessarily be desirable. In his first week in office, some of President Trump’s many executive actions and pronouncements may have resembled […]

The Rest is Yet to Come

January 23rd, 2017|

By Pete Biebel, Vice President

The inauguration is done; the era of the Trump presidency has begun. The implications for the economy and the markets of Mr. Trump’s reign will only be realized over time. The market’s post-election reaction indicates that investors expect big changes and have already placed substantial bets on those companies and industries […]

Great Expectations

January 17th, 2017|

By Pete Biebel, Vice President

The “Make America Great Again” promise of the incoming administration propelled the stock market’s post-election rally from early November into the holiday season. The rush of buying came on very optimistic expectations of the winning party’s campaign promises ultimately leading to higher earnings, higher interest rates, less regulation and a stronger […]