Market

She’s a Butte!

January 16th, 2018|

By Pete Biebel, Vice President

The first two weeks of 2018 have produced a beauty of a rally in the stock market.  The Dow Jones Industrial Average (DJIA) and the S&P 500 Index (SPX) both gained more than 4% in just the nine trading sessions year-to-date.  The NASDAQ Composite Index (COMP) has tacked on more than […]

It’s My Party and I’ll Buy If I Want To

January 8th, 2018|

By Pete Biebel, Vice President

The 2017 stock market party continued through the first week of 2018 with raucous enthusiasm.  Revelers seemed to all be belting out their favorite tune, It’s Buyin’ Time Again.  The Dow Jones Industrial Average (DJIA) and the S&P 500 Index (SPX) both jumped about 2 ½% for the week, and the […]

When I Wish Ayes Are Smiling

December 18th, 2017|

By Pete Biebel, Vice President

This is it.  This is the week the House and Senate are expected to vote to approve their compromise tax overhaul package.  Don’t tell anybody, but I’m hoping the ayes have it.  I’m hoping the House approves the bill when they vote tomorrow and the Senate also votes for approval within […]

The December Chill

December 11th, 2017|

By Pete Biebel, Vice President

The market began last week with a celebration for the passage of the Senate tax bill, which had been voted through over the previous weekend.  Monday morning dawned and the party was on.  Stocks rocketed higher… well, for about 14 minutes anyway.  The whole market gapped up that morning, but that […]

Homer for the Holidays

December 4th, 2017|

By Pete Biebel, Vice President

The Dow Jones Industrial Average (DJIA) hit it out of the park last week, gaining nearly 3%.  The traditionally strong holiday period has been getting an extra boost from hopes for tax reform and good economic news.  In my most recent commentary, Par for the Week, 11/20/2017, I wrote, “Things seem […]

Par for the Week

November 20th, 2017|

By Pete Biebel, Vice President

On paper, it was just a so-so week for the market.  The NASDAQ Composite Index (COMP) carded a small gain for the week (+0.47%), but both the Dow Jones Industrial Average (DJIA, -0.27%) and the S&P 500 (SPX, -0.13%) had small losses.  As is often the case, the final score doesn’t […]

Garbled Transmission

November 13th, 2017|

By Pete Biebel, Vice President

So far, the market has gotten about what it expected out of the tax overhaul machinations on Capitol Hill: a lot of noisy gear grinding, but very little forward progress. Market activity last week reflected the lack of any real engagement on a tax plan. The major averages all had their […]

Year-In Analysis

November 6th, 2017|

By Pete Biebel, Vice President

We’re now a year into the Trump era.  Three-hundred-sixty-some days ago, America elected a new Number One.  Over that time markets in the U.S. have responded to, first, the anticipation of great change and, later, to the anticipation of some change. One year into the reign of Trump, the market has […]

Semana de las Ganancias

October 30th, 2017|

By Pete Biebel, Vice President

In the week before Halloween and the Day of the Dead (Día de Muertos) celebration, the market had a celebration of its own. I’ll call it Semana da las Ganancias, the Week of the Earnings. Last week was the current “earnings season’s” biggest week in terms of the number of companies […]

Regulatory Relief

October 23rd, 2017|

By Pete Biebel, Vice President

The market’s lack of movement persisted through most of last week (see last week’s commentary The Market Needs a Taxative).  Even when a meltdown in China’s Hang Seng Index led to a gap-down opening here on Thursday, most averages were able to crawl back to about even for the day.  Then, […]