Daily Market Updates

February 15, 2017

Stocks continued their rally Wednesday with all major indexes setting records for the 5th consecutive day.  Encouraging retail data boosted stocks in spite of higher than expected inflation and inventory numbers.  Bonds continued lower with the 10 yr treasury yield moving back above 2.5% for the first time in several weeks.  Meanwhile gold recovered from an early loss to post modest gains and energy prices remained stable.  At the end of trading…… Read More ›

February 14, 2016

Stocks began the day lower Tuesday but changed course mid-session and headed higher to set yet another all-time high.  Even Janet Yellen’s testimony that “waiting to too long raise interest rates would be unwise” was not enough to derail markets that continue setting daily records and stretch valuations.  Treasuries reacted poorly adding another 4 basis points to the 10 year yield while gold and energy prices gained.  At the end of trading…… Read More ›

February 13, 2017

Stocks continued higher Monday again setting new records on investor optimism that Trump’s tax reform package will be phenomenal as promised.  Near term overbought conditions and high valuations haven’t been able to hold stocks down as the rally has continued to crush short sellers since the election.  On the losing side today were oil and gold that saw profit taking following last week’s gains.  At the end of trading… Dow + 142… Read More ›

February 10, 2017

Stocks continued higher Friday setting new records in all three major indexes on the heels of Trump’s announcement that tax reform details will be released within three weeks.  Investors had been concerned that reforms could be delayed until next year but the president ended that conversation yesterday morning sending stocks sharply higher.  Energy prices also surged by nearly 1.5% today while treasuries remained steady with the 10 year yield hovering near 2.40%. … Read More ›

February 9, 2017

U.S. Stocks traded broadly higher Thursday following President Trump’s announcement that his administration would reveal details of his tax reform plan within three weeks.  The markets responded with all major indexes moving to new all-time highs and Treasury prices dipping on higher interest rates.  The dollar and oil also gained ground while gold gave up part of gains made earlier this week.  At the end of trading… Dow + 118 to 20,172… Read More ›