01/14/20

Good Evening, It’s no secret that the market has been way hot lately. Today it decided to pause a little which is probably a healthy thing for it to do. The media blamed a report that came out the said that some US sanctions will stay in place until after the election to ensure Chinese compliance to the agreement. They claim that algorithm traders and human investors took the message as a good reason to sell. I don’t know about ...

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01/07/2020

Good Evening, We are still in the process of moving into a new home so our internet has been a little disrupted to say the least. Prayerfully this situation will start to get better although there is still a lot of work to do before the place will be completed. I covet your prayers! I am probably more anxious to get back to a regular schedule than you are for me to do so. What can I say. God’s still ...

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12/26/19

Good Evening, The market rose again today on Christmas Cheer, a good report from Amazon, and optimism over the Phase One trade deal between the US and China. The Santa rally is on! For those of you who don’t know about the Santa Rally it’s not just a term that I made up. It is a term used by wall street to describe the trading period at the end of the year and the beginning of the new year. Specifically, ...

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12/16/19

Good Evening, We finally got our China trade deal or at least part of one. China and the US announced Friday that they have arrived at a Phase one trade agreement. The details are a bit sketchy but what we do know is that the new tariffs that were scheduled to be added today were delayed, at least some existing tariffs already in place will be rolled back, and the Chinese have agreed to buy a large quantity of US ...

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12/10/19

Good Evening, The double mindedness of this market continues. Will China and the US come to an agreement or not? Will they apply additional tariffs on December 15th or not? The latter is the big question that faces the market at this time. The market is pretty well indifferent to the deal/ no deal question a the moment. What investors clamor to know is whether or not progress is being made and they have decided that the best barometer for ...

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12/02/19

Good Evening, The market started off in the green this morning but ended up awash in red ink after a manufacturing report showed the sector contracting.  A report from the Institute for Supply Management (ISM) showed U.S. manufacturing activity contracted in November for the fourth consecutive month, stoking concerns that the longest period of economic expansion in U.S. history could be losing steam. Although a trade deal between the US and China should be able to give the economy enough of ...

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11/26/19

Good Evening, The market inched higher today as the US creeps closer to a trade deal with China. President Trump said  today that we are very close to phase 1 of a trade deal with China, that Washington is in the “final throes” of work on a deal that would defuse a 16-month trade war with Beijing. The market meanwhile remains in somewhat of a holding pattern as it waits for the deal to be inked. After all, we don’t ...

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11/19/19

Good Evening, Bad reports and guidance from Home Depot and Kohls along with the continued negative news feed on the impeachment hearings drove the Dow and S&P 500 off their record highs today. The Nasdaq, however, did manage to add roughly a quarter point to it’s record. Folks, this market wants to go up but the news flow is so discombobulated that market players honestly don’t know whether to lead, follow, or get out of the way! The one thing ...

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11/13/19

Good Evening, The market is the same this week as it has been in recent weeks. It is conflicted. Let me explain. Stocks have recently climbed to record levels, fueled by Fed interest rate cuts, third-quarter earnings exceeding low expectations and signs the economy is bottoming. But questions about an initial agreement to help resolve the U.S.-China trade dispute remain a key wild card. Just like I keep saying, at the risk of being redundant, it’s all about China and all ...

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11/07/19

Good Evening, The market moved higher this morning on news that the US and China would be rolling back some of the recent tariffs before signing phase one of a trade deal. However, the excitement was tempered in the afternoon after Reuters released a report saying that there was some internal opposition to the rolling back of sanctions in the Trump administration.  The major indices all ended the day with modest gains.  This is just another example of how this ...

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