(Via Infectious Greed)
All week everybody’s been anticipating this morning’s Jobs Report. After ADP’s report on Wednesday, many were worried that it would be worse than expectations and truly dire. Instead, the 524,000 jobs lost in December are right in line with expectations….
Our customers [in the US, Asia, Europe and Latin America] are beginning to see a steadying, a stabilization, something solid under their feet. – John Chambers, CEO, Cisco Systems, Squawk On The Street this morning John Chambers was pretty optimistic…
Today’s FOMC decision is kind of a dud. They played it pretty much as safe as they could: they cut 25, as everyone was expecting, and they made only very, very slight adjustment to the accompanying statement (FOMC April 30…
I’ll never forget it. It was 11:50am Friday March 26, 2021. I was short stocks, mainly tech stocks, and doing quite well when, all of a sudden and out of nowhere, stocks started to rip higher. From breaking down they went to exploding higher without rhyme or reason. I believe the NASDAQ ripped higher by ~2% in that time period into the close
Note: A few months ago I started writing a daily morning market email for clients, friends and family. I recently decided to start making this email more broadly available. Email me at gfeirman@topgunfp.com if you’d like to be added to…
“Investors are putting on the recession trade.” – Tony Dwyer, Investment Strategist, FTN Midwest Securities Today’s trading is interesting. You’d think everything would be down big but it isn’t so. Three sectors are holding up well: Consumer Staples (XLP), Health Care…