Monthly Archives: November 2018

A Cautious Rebound

Last Week: On Tuesday night, the mid-term elections went pretty much as planned, and the market responded with an impressive rally on Wednesday. Perhaps there was relief that the Democrats didn’t take control of both the House and the Senate, or perhaps there was enthusiasm over the prospects of a big infrastructure bill (yippee, more debt!), something that both Democrats and Republicans seem to support. The rally fizzled on Friday with [...]

2018-11-12T10:17:06+00:00November 12th, 2018|

Trick or Tweet

Last Week: A bagful of earnings, economic data, and tweets, left investors to digest whether these were tricks or treats. By Friday’s close the verdict was primarily treats, as the S&P 500 snapped its losing streak to finish +2.42%. Nevertheless, there were a few rotten fruits in the bag, most notably Apple’s weaker than expected guidance for the fourth quarter. Friday’s blockbuster payroll report, showing that the U.S. added 250,000 jobs [...]

2018-11-05T11:19:17+00:00November 5th, 2018|