Saved by the Rush-Ins

May 22nd, 2017|

By Pete Biebel, Vice President

Last week the market sprang out of its hibernation. Trading action had been fairly quiet through the first two days of the week, though both the S&P 500 Index (SPX) and the NASDAQ Composite Index (COMP) reached slightly higher new highs each day. Wall Street’s tolerant optimism in the new administration’s […]

An Un-Sprung Spring

May 15th, 2017|

By Pete Biebel, Vice President

Spring has sprung, but since the market’s late winter run to new highs, stocks have lapsed back into hibernation. Market activity is quieter than a mime in a monastery. It’s duller than a ditch digger’s docu-drama. The most surprising aspect of the market’s recent lack of volatility is that, given the […]

Sugar High

April 17th, 2017|

By Pete Biebel, Vice President

Little children love the concept of The Easter Bunny. Free candy is awesome! As very young children grow older, the months and years go by, their admiration and enjoyment of the concept continues undiminished, but their belief in the delivery mechanism abates and eventually disappears. Over that time, many such children […]

Frozen Doe

April 10th, 2017|

By Pete Biebel, Vice President

In a week that was loaded with market-moving economic reports and skyrocketing geopolitical tension as well as an eye-opening release of the Fed meeting minutes, the stock market went nowhere. Like the proverbial deer frozen in panic staring into the headlights of an approaching vehicle, the market was emotionally charged, but […]

Sad Numbers for the Bears

April 3rd, 2017|

By Pete Biebel, Vice President

Last week the market played a familiar old refrain. First the market tempted any remaining shy but gullible sideline bears to pile into new short positions with its Tuesday washout in the previous week. Then the market conspired to further increase their confidence when all the recovery attempts later that week […]

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 […]