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, […]

The Market Needs a Taxative

October 16th, 2017|

By Pete Biebel, Vice President

All the major stock indices inched to new highs last week with the measured speed and grim determination of a French Quarter funeral procession.  To say the averages made a little movement would be like saying a glacier made a little movement today.  The S&P 500 Index (SPX) gained a whopping […]

Better Wait Than Lever

October 9th, 2017|

By Pete Biebel, Vice President

In a record filled week, most of the major averages reached multiple new highs.  Those gains followed on the previous week’s late-week breakout over 2500 on the S&P 500 Index (SPX).  Last week I wrote that, “Another percent or two of upside follow-through seems to be within easy reach.”  And, it […]

I Got a New Altitude

October 2nd, 2017|

By Pete Biebel, Vice President

Last week brought the end of September and the end of the year’s third quarter; it also brought new highs in several of the major averages and several industry sectors. Yet, while the market’s ascent continued last month, the market saw a big shift in the leadership that led the expedition […]

The Market Hunkers Down

September 11th, 2017|

By Pete Biebel, Vice President

While North Korean hijinks factored ominously into early-week trading last week, the damage was well contained and a significant percentage of the early loss was quickly recovered.  The market seemed to fall back into the lethargy of dull summer trading sessions late in the week, but that apparent lack of conviction […]

On the Lam

September 5th, 2017|

By Pete Biebel, Vice President

Last week the U.S. stock market shrugged off potentially bad news on several fronts and cavorted to a respectable gain.  The NASDAQ Composite Index (COMP), with the help of some big tech names and resurging biotech stocks, had its best week of the year, gaining nearly 3%.

Last week I theorized that […]