Stocks Rebound back to Last Week’s Highs

A disappointing day for economic data as Retail Sales and Empire Manufacturing missed their targets. Empire Manufacturing fell well below expectations indicating a slowing at least in the manufacturing sector. Buyers would quickly step in despite a sluggish start and...

Light Volume Selling Opens the Week

Light volume Mondays are not an outlier event, but with the price declines Monday was not the way bulls wanted to start the week. QQQs saw higher volume than Friday, as the ETF tracking the NASDAQ 100 stocks closed below its 50 day moving average. SPY on the hand had...
Small Caps Rip Higher; Bonds Fall

Small Caps Rip Higher; Bonds Fall

Small cap stocks rose once again leading all indexes while bonds were hit hard by sellers. Bonds are certainly trading like the Federal Reserve is going to hike rates soon. Global yields also rose as the ECB president spoke earlier today. Russell 2000 was the leading...
An Uneventful Day in Stocks; Yields Rise

An Uneventful Day in Stocks; Yields Rise

Kicking off the day the market was hit with weak retail sales for the month of April.  Bond yields headed lower as many thought the Federal Reserve rate hike would be pushed back.  The NASDAQ was the initial beneficiary of buying at the start of the session, but would...

Energy Sector Weighs on Stock Market; Small Caps Gain

It appeared as if we have begun summer trading with light volume and boring trading session.  There were pockets of excitement, but overall it was relatively quiet trading session.  Energy was a big draw on the market overall with Utilities sluggish as well.  Crude...