Lately watching the markets has been like watching paint drying on a wall. The steady, sluggish action is a good thing. We remain stubbornly close to, or in the case of the NASDAQ marking, new all time highs. The trend is up for now. Click on this link for Investor's Business Daily's take on this market.
Tuesday was another lackluster day in the markets. Energy has remained volatile, and tech has been doing very well lately. Please don't forget that we are close to all time highs, which means that the market is healthy. Keep in mind that the market has its own mind and things can and do change quickly. So just stay engaged. Click on this link for Investor's Business Daily's commentary.
The markets again traded within a narrow range and closed flat. The news of the day was that a repeal of ObamaCare passed the House and is off to the Senate. So biotech and the like moved up. On another note, oil, energy, and metals declined again today. Here's the link to Investor's Business Daily's post.
On Tuesday the markets closed up a bit. Big moves up and down, meaning moves of 1% or more, have been few and far between since January 1st. It has been amazing how steady the markets have been this year. The Is it the economy? Is it the steady inflow of money into index funds which stabilizes the market? Is it the Fed policy? The answer, likely, is that it is a bit of all of these and additional factors. Stay engaged. Meanwhile, here's a link to Investor Business Daily's commentary on today's market.
A nice up day in the financial markets, generally up 1% or so. And the NASDAQ broke through the psychologically important 6,000 level. Nice, but why, and is it sustainable? Not 100% sure on the why, but it looks like the economy is getting stronger and consumers are getting more confident. Check out Investor's Business Daily's article by clicking this link.
Today saw the markets slide down and close strong. The news cycle attributes it to Trump promoting a tax cut package. Apart from the day to day, we see that the markets have entered a lull, where they don't move up that much and they don't move down much. The market has shown stability and resilency, which over the long-term is good. There is more going on here than meets the eye, so it bears watching. Here's the link to Investor's Business Daily's news article. For now, forget about the markets, and have a good weekend!
Did you hear the bear growling recently? Don't worry, it's not out of its cage yet. Today we dipped down and then came back. We are due for a scare or two from the markets, but that is the short-term picture. Be driven by conviction, not the news. That said, do pay attention to the news, just not too much. To see Investor's Business Daily's take on today's market action, click here.
The markets were up and looking like they would close with nice gains. And then the Fed meeting minutes were released and soured the market mood. Check out this link for the story from Investor's Business Daily. Beyond the Fed headline news, the actual news flow was mixed. But that said, there is an old adage, which happens to be true, "Don't Fight the Fed."
The financial markets are a mosaic and all the many pieces come together to create an overall picture. Amidst global cross-currents, the markets closed lower today. It is not cause for concern at the moment, although it seems like the markets want to drift further lower. Check out the link from Investor's Business Daily here.
On Friday, the markets closed out a slightly weak, mixed week. The Dow was off 1.3%, the biggest weekly decline since November 8th. Keeping this in perspective, we are a stone's throw away from all time highs on the Dow, Nasdaq, and S&P 500. Notably the bond market took the latest Fed hike in stride. It is time to stay engaged and see if this pause develops into something else this coming week. Click on this link for Investor's Business Daily's comments on the day and week.