JJ Kinahan

When you think of Bastille Day, maybe parades and fireworks come to mind. On Wall Street today, we get a parade of fresh earnings reports, another look at inflation, and a few words from Fed Chairman Jerome Powell. Any fireworks? We’ll see.  After a strong start to earnings season,...

After a blistering Q1 for the Financial sector, a rockier road might await as they begin reporting their latest numbers this week. Expectations for Q2 results are down a bit after some of the banks warned of a slowdown in trading revenue. While year-over-year earnings are expected to rise sharply...

As a comedian once said, “And away we go!”  Earnings season kicked off today with a bang as both JP Morgan Chase (NYSE: JPM) and Goldman Sachs (NYSE: GS) easily surpassed analyst’s average estimates on the top and bottom lines. Despite the beats, neither...

The market is looking a bit like the next-generation space race we’re seeing. In a similar fashion to Virgin Galactic’s (NYSE: SPCE) first fully-crewed flight to the edge of space on Sunday, the market has headed toward the stars with a record finish last week. But trading...

The “check engine” light flashed on the rally’s instrument panel this morning. That little oil can icon looks to be glowing as well. A wave of selling hit the market overnight amid fears that falling yields could suggest economic slowing. This followed a downturn in European and...

Though the week began on a soft note, it’s only natural to see a bit of a selloff after the record highs logged lately. It was also encouraging that the market bounced off its lows late yesterday. It was a pretty impressive comeback. Today could be a bit of a waiting game with everyone on the...

Now that the fireworks have fired and the flags are furled, it’s time to get back to the business of business and markets. As this post-Independence Day week dawns, it’s looking like crude oil and energy stocks may be a prominent feature of today’s trading. The U.S. benchmark hit...

Holiday fireworks began early this weekend as the government delivered a blowout employment report Friday. With 850,000 jobs created in June, it’s a solid sign of economic growth continuing as the U.S. reopens. That was up from a revised 583,000 jobs created in May, so the two-month tally of...

The second half is starting right where the first half finished, with slow, plodding upward movement. We’re off to a new quarter and we’ll see if we can make it six in a row after five straight quarters of gains.  Stocks wobbled in overnight trading despite some strength in...

Welcome to halftime. Sorry, there’s no concert.  There’s also not a lot of action in the markets after a mixed performance overseas earlier Wednesday. We’re in wait-and-see mode ahead of Friday’s monthly payrolls report, so it wouldn’t be surprising if this is...

We’re almost halfway through 2021, and to celebrate, there’s a bunch of good news this morning after fresh record highs for major indices yesterday. Almost all the major Wall Street banks are raising their dividends after passing the Fed’s stress tests last week. And United...

The old hockey adage goes, “Don’t skate to where the puck is, skate to where you think it’s going to be.” That same phrase could apply to investors once earnings season gets going in July. It’s not so much where the reporting companies have been or what they recently...

Without any major economic data this morning, it seems like investors may be biding their time for guidance from numbers out later in the week, including the big government jobs report on Friday. With the S&P 500 Index (SPX) in record territory and movement on a potential...

Sitting here today after the week we’ve had, it seems hard to believe that last Friday Wall Street was on the way to its worst weekly stretch in months.  That feels like a long time ago after all the new record highs posted the last few days. The question is, which is the real market?...

While you never want to spike the ball on the five-yard line, the stock market has a green tint this morning amid news of progress on an infrastructure deal. It’s got the market excited and is probably the main impetus for stocks being up so much overnight. Obviously, people have had their...