Earnings MRK and AAPL

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The market remains in an elevated state, and it seems like there is no other direction for it to go. There is some faint talk of a Taper in December or January; however, most that believe in the possibility of the Fed Tapering have pushed their expectations into March of next year. For now the Read more…

Earnings: PG, MSFT, AMZN

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The earnings story continues with solid technology reports coupled with weakness from the retail and consumer sides. These mixed earnings stories are driving core concerns about fundamentals heading into the holiday season and, it being one of the shortest holiday season (between Thanksgiving and Christmas), there is a shorter sales cycle. We are also seeing Read more…

Uncertainty

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September is a month of continuing uncertainty. Between President Obama’s waffling speech and Apple’s dud of a party, yesterday closed out pretty unimpressive. Washington’s modus operandi of uncertainty seems to still be going strong. Meanwhile, Steve Jobs is rolling over in his grave. The market had made a good and strong rally up to those previous Read more…

Apple’s Release Party!

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The market broke-out of its resistance area and has fueled a follow through rally. Much of the optimism is driven by the President’s waffling on the Syria issue. The more the Syria crisis is stalled, the more it seems less likely a military strike will occur, and the more likely that oil prices will decline. Read more…

Bad Labor Report

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Bad news is good news it seems this morning as a rather bad labor report is giving the pre-market futures a huge boost higher, but will it last? I am sure that many investors are scratching their heads and asking, “Why is the market going up on a weak labor report?” Well, if they had Read more…

Inflation Watch

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With Syria stealing headlines and the Labor Report coming out on Friday means we could be in for a choppy week. Yesterday’s market action initially seemed promising, but then sold off radically and moved into negative territory; not a good sign. As the major market indexes flirt with support levels, we remain in the shadow Read more…

Political Turmoil

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We lost some ground yesterday in the market and there is broad concern growing about the quality of the recovery and the Federal Reserve’s effort. The Durable Goods data yesterday wasn’t just bad, it was horrible. Now there is growing concern with the debt ceiling as the new Treasury Secretary is requesting that we raise Read more…

FOMC Minutes

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Yesterday the market remained quiet as we awaited the FOMC minutes and investors, economists, and talking heads prepared to read the tea leafs as to whether the minutes would offer any account as to when, if, and how much the Fed would taper. Of course the market reacted to the release; first down 100 points, Read more…

Market Turmoil?

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The Dow Jones closed right at that 15,000 level and many are eyeing it carefully to see whether it holds. As the Fed’s taper shadow continues to loom, spurring a sell-off in the equity and bond markets, the economic data is saying, “Hold on a second!”. This morning the Labor Department reported the unemployment rates Read more…

Economic Data – CPI and Jobless Claims

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The market continues to slide and is having difficulty holding onto those supports. The economic data and some late earnings reports show a softer economy than what many have predicted. What seems strange is that the 10-year yield continues to move slightly higher (up to 2.78%), as the economic data shows the stars may not Read more…

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