The major averages back above their 200-day moving average…

THE MARKETS Falling oil prices ignited a rally that carried all of the major averages back above their 200-day moving average. The NASDAQ and the S&P-500 were able to push through their 50-day moving average for the first time since April 28th. In addition to the break in oil prices, continued strong earnings and a [...]

By | 2004-05-31T12:46:13+00:00 May 31st, 2004|Market and Portfolio Commentary|Comments Off on The major averages back above their 200-day moving average…

Rising oil prices and interest rates once again curbed the enthusiasm of market participants…

THE MARKETS The summer doldrums seemed to arrive a few weeks early as rising oil prices and interest rates once again curbed the enthusiasm of market participants. Even though the majority of the major averages posted minor gains for the week, the reality was that the market as a whole went nowhere. For the fourth [...]

By | 2004-05-24T14:02:57+00:00 May 24th, 2004|Market and Portfolio Commentary|Comments Off on Rising oil prices and interest rates once again curbed the enthusiasm of market participants…

A hostile market environment…

THE MARKETS Fears over rising interest rates, a significant uptick in inflation and continuing instability in Iraq continue to create a hostile market environment. Mix in the high price of crude oil and that was enough to send the Dow Jones Industrial Average and the S&P-500 down for the week, retesting their respective 200-day moving [...]

By | 2004-05-17T14:01:01+00:00 May 17th, 2004|Market and Portfolio Commentary|Comments Off on A hostile market environment…

The market continued on its roller coaster ride…

THE MARKETS The market continued on its roller coaster ride as investors again sold the good news and concentrated on the threat of higher interest rates. Friday saw the Dow Jones Industrial Average fall to levels not seen since the end of March as a solid jobs report pointed to higher rates sooner than later. [...]

By | 2004-05-10T13:59:24+00:00 May 10th, 2004|Market and Portfolio Commentary|Comments Off on The market continued on its roller coaster ride…

Rising inflation fears sent stocks lower…

THE MARKETS Despite a slew of spectacular earnings reports, rising inflation fears sent stocks lower as both the Dow Jones Industrial Average and the NASDAQ ended the week in the red. On Tuesday, the Dow appeared to be on the verge of topping its recent highs recorded earlier in the month, as it pushed through [...]

By | 2004-05-03T13:57:26+00:00 May 3rd, 2004|Market and Portfolio Commentary|Comments Off on Rising inflation fears sent stocks lower…

Better than expected earnings reports…

THE MARKETS The ongoing tug-of-war we’ve recently written about continued last week as the market weighed the benefits of better than expected earnings reports against the potential of higher interest rates. Traders sold following Alan Greenspan’s congressional testimony on Tuesday sending the Dow Jones Industrial Average down 133.35 points to its lowest close since late [...]

By | 2004-04-26T13:55:29+00:00 April 26th, 2004|Market and Portfolio Commentary|Comments Off on Better than expected earnings reports…

The market started the week with a bang…

THE MARKETS The market started the week with a bang as the Dow Jones Industrial Average jumped 73 points on Monday only to lose 134 points on Tuesday as concerns over interest rates overcame stronger than expected earnings reports. The remainder of the week saw the averages in a tug of war as traders assessed [...]

By | 2004-04-19T13:53:57+00:00 April 19th, 2004|Market and Portfolio Commentary|Comments Off on The market started the week with a bang…

The market took off on Friday…

THE MARKETS The market took off on Friday following a cautious week of trading as the March employment report posted the strongest growth rate in four years. All of the major indexes posted significant gains for the period as Friday’s rally pushed the Dow Jones Industrial Average over 10400 for the first time since March [...]

By | 2004-04-05T13:51:59+00:00 April 5th, 2004|Market and Portfolio Commentary|Comments Off on The market took off on Friday…

Investors turned their focus to upcoming earnings…

THE MARKETS After the Dow Jones Industrial Average briefly touched the 10,000 line on Wednesday, investors turned their focus to upcoming earnings and put together a rally to close out the week. Thursday’s 170 point gain for the Dow was the largest point gain since October 2003. Friday’s choppy action ended with little conviction as [...]

By | 2004-03-29T13:50:08+00:00 March 29th, 2004|Market and Portfolio Commentary|Comments Off on Investors turned their focus to upcoming earnings…

Volatility returned to the markets…

THE MARKETS Volatility returned to the markets as triple-digit point swings on all five trading days led up to “quadruple witching”, the quarterly expiration of options. The market digested mixed economic reports during the week and even failed to muster a rally despite reports of troops surrounding a “high level” al Qaeda leader. Friday’s late [...]

By | 2004-03-22T13:46:58+00:00 March 22nd, 2004|Market and Portfolio Commentary|Comments Off on Volatility returned to the markets…