Morning Commentary
Monday through Thursday Resolve
The market opened higher this morning, which isn’t very surprising. It is counterintuitive, as the nation heads into the deadly period of coronavirus case growth, and the death and depletion of critical medical equipment. But a trend has emerged of the market displaying serious resolve on Monday through Thursday, only to give up substantial ground on Friday sessions.
The Dow Jones Industrial Average
-1,198 |
|
March 20 |
-913 |
March 23 to March 26 |
+3,378 |
March 27 |
-915 |
March 30 to April 2 |
-223 |
April 3 |
-360 |
Part of this morning’s action is coming in response to more encouraging words from President Trump and Vice President Pence on glimmers or signs the crisis could be reaching a plateau, coupled with encouraging signs across Europe and New York state, the hardest hit in America. It’s a minute to minute situation, but everyone knows cases and death rates must flatten.
The stock market is trying to sniff out the timeline from coronavirus apex to potentially getting back to work, and the mounting damage during and lingering after the crisis has been resolved.
Portfolio Approach
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Today’s Session
The markets are off to a very encouraging start, even as folks like Jamie Dimon are calling for a sharp recession that will rival 2008; yet, his bank probably won’t have to cut its dividend payments. Folks make sure you watch what Wall Street is doing rather than the stuff they release for public consumption.
Tweet |
4/26/2024 7:39 AM | BIG TECH STEPS UP |
4/25/2024 1:16 PM | Don't' Bury me, Yet! |
4/25/2024 9:27 AM | THERE CAN ONLY BE ONE |
4/24/2024 1:30 PM | Earnings Flood In |
4/24/2024 9:26 AM | BUYING THE DIP |
4/23/2024 1:25 PM | Bloom Off Rose |
4/23/2024 9:32 AM | WHAT HAPPENED TO THE BRAVADO? |
4/22/2024 1:22 PM | Pins and Needles |
4/22/2024 9:30 AM | LIVE BY THE SWORD … |
4/19/2024 1:20 PM | Fair Chunk of Rotation |
4/19/2024 9:35 AM | DON’T OVERREACT |
4/18/2024 1:37 PM | Didn’t Break Down |
4/18/2024 9:40 AM | MARKET OFF SCRIPT |
4/17/2024 1:59 PM | Facing Pressure |
4/17/2024 9:37 AM | POWELL STILL WANTS TO HELP |
4/16/2024 1:35 PM | Muted |
4/16/2024 9:42 AM | FEAR ARRIVES |
4/15/2024 1:17 PM | Making a Statement |
4/15/2024 9:45 AM | Equal Opportunity Drubbing |
4/12/2024 1:37 PM | Pressure Overall |
4/12/2024 9:42 AM | WHO YA GONNA CALL? |
4/11/2024 1:38 PM | No Urgency |
4/11/2024 9:27 AM | Tough Sledding |
4/10/2024 1:22 PM | Hang In There |
4/10/2024 9:51 AM | HERE COMES THE LATEST RATIONALE FOR PERSISTENT INFLATION |
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