Cisar & Kjolsrud Wealth Management of Benjamin F. Edwards & Co.

Blog

Rip Roarin’ Rebound Rally Redux - June 10, 2019

By Pete Biebel, Senior Vice President --Following a fairly lousy month of May, stocks ripped higher through the first week of June.  It was a welcome change of direction.  The S&P 500 Index (SPX) didn’t do so well in the previous month.  It touched a new all-time high early in the day on May 1st, but that turned into a key reversal day with the index closing near its lows of the day and below the low of the previous day.  Stocks spent the balance of that month headi
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“Iposuction” - May 28, 2019

By Pete Biebel, Senior Vice President -There’s a new item to add to the list of factors that are sucking the bullish enthusiasm out of the stock market.  It’s no secret that over the years there’s been a tendency for new IPO (initial public offering) stocks to rip higher when they are initially made available to the public.  However, the recent wave of IPOs has had more than the typical share of stinkers.  Several of those were highly anticipated, big-name &ldquo
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Mayday! Mayday! Maybe - May 13, 2019

By Pete Biebel, Senior Vice President -- Alarms were sounding throughout the week as the averages saw follow-through selling and lower lows.  Last week I wrote about the May Day mayday, describing how the reversal from a new high on Wednesday, 5/1/19, was an alarm for investors, alerting them that the potential for at least a short-term timeout in the market’s rally was at hand.  That reversal was widely blamed on Fed Chairman Powell’s not-quite-dovish-enough comments in
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May Day Mayday Maybe - May 6, 2019

By Pete Biebel, Senior Vice President-- “Mayday” is an internationally recognized emergency alert word that was originated in 1923 by a senior radio officer at an airport in London.  He had been asked to come up with a word, which could be easily understood by airmen and ground crews, that would be specifically used to indicate an emergency.  Because the quality of radio transmissions in that era was still fairly primitive, they needed a very distinctive sounding word.&n
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Take Me Out to the Ballgame - April 29, 2019

By Peter Biebel, Senior Vice President -- Market action over the past several weeks has been similar to how some non-fans characterize a baseball game: extended stretches of inaction interspersed with occasional brief flashes of excitement.  Indeed, most of the recent trading sessions have been yawners.  Nearly all the action in the last two weeks came in just two days. Even the days that awoke to big volatility in the early hours usually devolved into sleepy, low-volume hours later in
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Borderline Border Crossing - April 15, 2019

By Pete Biebel, Senior Vice President -- Last week I wrote that, “One key take-away from this week’s trading might be how COMP and SPX perform if, and when, they reach those big number levels.  If SPX can punch through 2900 for more than a few hours and by more than a few points, then it’s likely to make a run at the old highs near 2940 very soon.”  And, indeed, the NASDAQ Composite Index (COMP) and the S&P 500 Index (SPX) seemed to be magnetized to their big round numbers overhead last week. 
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Feeling More Pullish - April 8, 2019

By Pete Biebel, Senior Vice President -- Stocks easily continued higher last week with both the Dow Jones Industrial Average (DJIA) and the S&P 500 Index (SPX) gaining about 2% for the week.  The NASDAQ Composite Index (COMP) was up nearly 3%.  The averages all gapped higher on Monday morning and never looked back.  They also gapped higher on Wednesday and Friday morning and ended Friday near their highs of the week.  Many international equity markets als
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Quality Quarter Quietly Concludes - April 1, 2019

By Pete Biebel, Senior Vice President -- Last week brought a fairly quiet ending to a relatively raucous quarter. Despite a bearish conclusion in the prior week, the major averages all racked up gains of about 1% to 1 ½% last week.  It was a fine ending to a fantastic quarter.  Year-to-date, the Dow Jones Industrial Average (DJIA) and the S&P 500 Index (SPX) are up about 11% and 13% respectively.  The NASDAQ Composite Index (COMP) gained
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