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Morning Comment

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  • 07/18/2016 Stocks finished mixed on Friday amid a lot of good economic news. Inflation, according to the CPI, remained contained while retail sales rose smartly in June. 
  • 07/15/2016 Yesterday was yet another good day for stocks as they surged to yet another record high. While economic data was good, the rise in prices was probably due more to money moving from the sidelines into a market that has been surprisingly strong for almost two weeks. 
  • 07/13/2016 Stocks powered to new highs yesterday despite the fact that bonds fell sending yields on 10-year Treasuries back up to close to 1.50%. Oil prices also rose pulling energy equities higher.