COMMENTARY

A shaky start to the day as sellers hit the market hard. The market nearly made it all the way back to positive territory. Volume was higher across the board, but was below average. The positive spin on the day is certainly buyers were willing to step up when it...

A mixed day on the street as the minutes from the latest Federal Reserve meeting were released at 2pm EDT. The minutes revealed the Federal Reserve was quite close to raising interest rates, but failed to get the votes necessary. Will they raise them in November? We...

It did not take long for sellers to take over this market and push the major market averages lower. Volume soared too. Above average on the NASDAQ as healthcare related stocks took a large hit. We are still in a negative seasonality period for stocks. This action is...

A day removed from the 2nd Presidential Debate stocks move higher led by Energy and Information Technology stocks. Crude oil jumped to a 51 handle after the Russians reportedly will join an oil production pact. We have yet to see a real deal struck, but anything is...

A late day slide clipped the day’s gains, but we were able to close higher on the session. Volume ended higher across the board today. Perhaps a good sign we are seeing accumulation? Banks continue to push higher while utilities and real estate stocks suffer. Interest...

Utilities have another terrible day dropping more than 2%. Telecom and Real Estate weren’t too far behind utilities. Bond yields jump again and now we are seeing interest rate sensitive sectors falling with anticipation of higher rates. Stocks fell on the session as...

Just what the doctor ordered for this market after Friday’s huge rally after fears over a DB collapse subsided. Volume was light on the session coming off the weekend. Lows of the day were set at 12:30 and we were able to find buyers through to the close. It was nice...

Forget the Federal Reserve trying to raise rates as fears of a DB failure sends stocks lower. DB has a very large derivative exposure and like we saw in 2008 it does not take much to push risk over an edge. Systematic failure was something Central Banks across the...