Morning Commentary
President Trump ventured into the global elite establishment confab via satellite yesterday and commenced laying down the law. In case they hadn’t heard, they now know a new sheriff is in town.
This contemptuous crowd of hypocrites got a comeuppance they will not soon forget – if ever.
Stock Market Salutes
It was a middling session until Trump appeared on screens and began aiming at everyone in the room:
The ‘animal spirits’ were really stirring going into the closing bell, and every sector finished the day higher.
Broadening Rally
I’m digging the composition of this week’s move in the market. Bottom fishing is supplanting momentum chasing.
Advancers were as eclectic as possible, with Moderna (MRNA) on top because of Norovirus worries.
Today’s session
Major indices are mostly moving higher at the start of the session. Earnings results continue to spark with strong results from Verizon (VZ) and American Express (AXP).
The US Dollar Index is showing some weakness, currently down 0.36%.
Several economic data points are coming out later this morning.
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2/14/2025 1:40 PM | Exhibiting Mixed Action |
2/14/2025 9:51 AM | MAKE LOVE, NOT WAR |
2/13/2025 1:35 PM | Bouncing Back |
2/13/2025 9:54 AM | Feast or Famine Setting In |
2/12/2025 12:59 PM | CPI Reaction Overdone |
2/12/2025 9:54 AM | MARKET RESOLVE |
2/11/2025 1:05 PM | Powell Testimony in Focus |
2/11/2025 9:40 AM | MOMENTUM RULES |
2/10/2025 1:18 PM | Tech Stocks Rebound |
2/10/2025 9:54 AM | INFLATED INFLATION FEARS |
2/7/2025 1:15 PM | Inflation Uncertainty |
2/7/2025 9:41 AM | BIG REMAINS BEAUTIFUL |
2/6/2025 1:00 PM | Quiet Day |
2/6/2025 9:43 AM | BOND DIGGING DOGE |
2/5/2025 1:28 PM | Recovering |
2/5/2025 9:29 AM | RETAIL RIDES THE WAVE AND WALL STREET FROWNS |
2/4/2025 1:03 PM | Financial Media in Overtime |
2/4/2025 9:52 AM | FRIENDS MAKING NICE |
2/3/2025 1:42 PM | Market Reacting to Tariff Headlines |
2/3/2025 9:37 AM | TARIFFS ARE HERE |
1/31/2025 1:33 PM | Mag Seven is Back |
1/31/2025 9:00 AM | WINTER IS HERE |
1/30/2025 1:33 PM | Bumpy Day |
1/30/2025 9:47 AM | POWELL WALKS THIN LINE |
1/29/2025 1:24 PM | Watching for Big Tech Earnings |
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