peter

A Wild Journey to Nowhere

August 12th, 2019|

By Pete Biebel, Senior Vice President

In a week dominated with trade war and central bank news, and following on the heels of their worst week of the year, the major averages ended last week with relatively minor losses.  Both the S&P 500 Index (SPX) and the NASDAQ Composite Index (COMP) lost about 0.5% and the […]

Powell Gets Trumped

August 5th, 2019|

By Pete Biebel, Senior Vice President

Two significant news events resulted in stocks having their worst week of the year.  The first half of the week was fairly quiet with a slight negative bias.  Neither the S&P 500 Index (SPX) nor the NASDAQ Composite Index (COMP) were able to improve upon their record highs of the […]

Sharp Curves Ahead

July 29th, 2019|

By Pete Biebel, Senior Vice President

As the week begins, the Wednesday afternoon Fed policy announcement and press conference looms.  Regardless of how smooth the road is early in the week, we’ve been warned to expect some bumps and turns midweek.  The market expects the Committee will surely cut their short-term rate by 0.25 percentage points.  […]

Wake Me When It’s Over

July 22nd, 2019|

By Pete Biebel, Senior Vice President

Stocks had a disappointing performance last week, especially considering that the major averages all finished the previous Friday at record highs.  Trading action was disappointing not only because prices declined, but also because of the general dullness in the market.  Other than a couple knee-jerk reactions to trade war and […]

Please Don’t Fed the Bears

July 15th, 2019|

By Pete Biebel, Senior Vice President

Long-time readers might recall that I used that same title about four years ago.  Conditions then were unlike they are now; “unlike” as in diametrically opposed.  Back then, the S&P 500 Index (SPX) was hovering just above the 2000 level and the Fed was on the verge of its first […]

June Boon

July 1st, 2019|

By Pete Biebel, Senior Vice President

Oh June, you ended too soon.  The month following the May swoon saw markets go over the moon.  The Dow Jones Industrial Average (DJIA) had its best June performance since 1938, climbing about 7.2%.  The S&P 500 Index (SPX) gained nearly 7% for the month, making it its best June […]

Do You Believe in Magic?

June 24th, 2019|

By Pete Biebel, Senior Vice President

Pretty much all around the world, stocks had a great week last week.  The S&P 500 Index (SPX) hit a new high and ended the week with a 2.2% net gain.  The Dow Jones Industrial Average (DJIA) climbed 2.4% but fell just short of reaching its old highs.  The NASDAQ […]

No News is Good News

June 17th, 2019|

By Pete Biebel, Senior Vice President

That maxim can be interpreted a couple different ways.  It could be suggesting that none of the news one hears is positive.  All news is bad news.  A second meaning could be that the lack of any new news is actually good news.  Like when your teenager is out for […]

Rip Roarin’ Rebound Rally Redux

June 10th, 2019|

By Pete Biebel, Senior Vice President

Following a fairly lousy month of May, stocks ripped higher through the first week of June.  It was a welcome change of direction.  The S&P 500 Index (SPX) didn’t do so well in the previous month.  It touched a new all-time high early in the day on May 1st, but […]

“Iposuction”

May 28th, 2019|

By Pete Biebel, Senior Vice President

There’s a new item to add to the list of factors that are sucking the bullish enthusiasm out of the stock market.  It’s no secret that over the years there’s been a tendency for new IPO (initial public offering) stocks to rip higher when they are initially made available to […]