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Good morning Equities are up slightly ahead of some CPI numbers today which are likely to be a non event but if they come in hot it could spook those that are looking for over heating inflation indicators. We could see more consolidation as we absorb the recent move higher in the markets. Oil is up slightly in premarket and the energy space is one I think we want to keep an eye on as there are a lot of good looking technical setups in the space. CPI data just came in ...
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Read More"Limiting losses is by far the most important trading component. Capital is the inventory of a trader. Lose the inventory, business is over." Peter Brandt Good morning As a strong earnings season comes to a close the strong earnings did not have as much of an impact as they normally do. There were a record percentage of companies that beat consensus estimates yet the political climate, new fed chairman, macroeconomic and overall valuation concerns stifled share price reaction.
Read More"If you cannot control your emotions, you cannot control your money." Warren Buffet Good morning Equities are up slightly in premarket. Details of the proposed steel tariffs indicated that Mexico and Canada could be excluded and the markets rallied when those details were released yesterday. We should have the final details of the tariff either today or tomorrow. We could be in for a wild ride depending on what the ACTUAL details are.
Read MoreGood morning Equities are gapping down after Gary Cohn resigned as Trumps chief economic advisor. Fears of protectionist tariffs and a full scale trade war will be what the media is focused on and that will likely create more volatility for equities. At some point the focus will turn to who replaces is Cohn and if it is someone of similar stature and like minded philosophy to Cohn this could wind up just being a bump in the road. However, ...
Read MoreGood morning Gap up in equities this morning after some news out of Korea that still needs to be verified but if true could be a very positive development between the U.S. and North Korea considering of normalizing of relations including potential denuclearization. Tariffs are still a huge talking point on the financial networks and..
Read MoreGood morning Equities are slightly lower in pre market with gold, oil and the dollar all slightly higher. We are going to try opening up Join me around 6 or 6:15 this morning keep an eye out for the link through the chat room and notification.
Read MoreMarkets had a nice bounce on Friday after a fairly rough week where the new Fed chair gave his semi annual state of the economy on the hill and the Trump administration announcing steel and aluminum tariffs that may be finalized sometime this week. If the tariff happens and we get some retaliation form other countries the fear of a full blown trade war ....
Read MoreGood morning Equities are gapping lower following the reaction around the globe over the proposed tariff on steel and aluminum from the Trump administration. Concerns over a trade war are and an inflationary impact from this move is roiling the markets. The dollar and oil are also weak in premarket with gold showing some strength. Nothing is set in stone.. the markets are sending a message that they do not like the action President Trump is taking. If the markets continue to sell off maybe there is some hope out there that he will change his mind before making it happen next week. Either way I
Read MoreGood morning We are looking at another weak open in equities after yesterdays pull back. Volatility is back and the markets are reacting to concerns over the Fed's potentially overly aggressive interest rate hikes because of an overheating economy. However, the economic data we have received recently is painting the picture of a slower growth economy. I think the recent dollar strength is also part of the reason the market is struggling and while oil and gold are also pulling back. I am not convinced...
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