peter

You Say You Want a Resolution

February 20th, 2018|

By Pete Biebel, Senior Vice President

Well, you know, we’d all love to see the plan.  Traders were up in arms last week following the bearish attack in the previous two weeks.  In the prior week, the S&P 500 Index (SPX) plunged more than 140 points, its largest weekly point loss since October of 2008.  And, […]

VIX Tricks Stick Slick Cliques

February 12th, 2018|

By Pete Biebel, Senior Vice President

During the past week, I heard way too many cable business channel guests giving us their spin on the horrors of volatility.  VIX, the CBOE Volatility Index, is the hub around which such discussions rotate.  VIX was created many years ago as a gauge of the market’s consensus of expected […]

Wash-Out Hog-Wash

February 12th, 2018|

By Pete Biebel, Senior Vice President

The financial press is awhirl making up reasons for the steep decline in the stock market last week.  The major averages were all down by more than 5% for the week and that was with about a 1 ½% rebound on Friday.  One of the most popular myths is that […]

Market Update

February 9th, 2018|

By Pete Biebel, Senior Vice President

February 6, 2018

The recent market sell-off has been attention-grabbing, alarming and dramatic, but not unexpected.  Following a significant rally in 2017, stock indices began 2018 with an even steeper and record-setting rally.  As the January rally steamrolled higher, many measures of bullishness rose to extreme levels and many measures of […]

Uber Exuberance

January 29th, 2018|

By Pete Biebel, Senior Vice President

The 2018 awesomest-market-ever rally continued to hit new heights last week.  The Dow Jones Industrial Average (DJIA) and the NASDAQ Composite Index (COMP) each tacked on a little over 2% for the week, bringing their year-to-date gains to a 7.7% and 8.7% respectively.  The S&P 500 Index (SPX) was the […]

Stop or I’ll… SPLAT

January 22nd, 2018|

By Pete Biebel, Senior Vice President

When trading resumed following the holiday weekend last Tuesday, stocks opened sharply higher.  So far, 2018 seems to have a propensity for this sort of moon-shot, gap-up opening.  The opening gains pushed a couple of the major averages through major levels.  The Dow Jones Industrial Average (DJIA) blew through the […]

She’s a Butte!

January 16th, 2018|

By Pete Biebel, Senior 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 […]

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

January 8th, 2018|

By Pete Biebel, Senior 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 […]

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 […]