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 […]
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 […]
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. […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
