Author: Dan Stewart

The Next Catalyst

Dan Stewart CFA® President/Chief Investment Officer NorAm Asset Management The jobs numbers came in better than expected on the abbreviated trading session on Thursday with 288,000 new jobs created in June.  Despite the fact that virtually all new jobs created were part-time jobs, the markets applauded the news. The DOW closed above the 17,000 level […]

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Markets Defy Bad News

Dan Stewart CFA® President/Chief Investment Officer NorAm Asset Management The final revision to 1st quarter GDP was crushed, down -2.9%.  Durable Goods Orders were down -1%, well below expectations of .4%.  So the economy definitely slowed and the recovery is in jeopardy. Now I am not so worried about the GDP number as that is […]

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Yellow Flag

Dan Stewart CFA® President/Chief Investment Officer NorAm Asset Management New Home Sales came in much higher than expected in May to the highest level in 6 year.  Consumer Confidence handily beat estimates as well.  It looked to be smooth sailing in morning trading with all of the indices in the green. But as investors digested […]

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Never Short a Dull Market

Dan Stewart CFA® President/Chief Investment Officer NorAm Asset Management Chines manufacturing came in better than expected and our Existing Home crushed estimates.  But that wasn’t enough to drive the markets higher. We traded in a very tight ranges throughout the day.  We were able, however, to finish near the highs closing flat to slightly down […]

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Climbing the Wall of Worry

Dan Stewart CFA®President/Chief Investment OfficerNorAm Asset Management You have many reasons to doubt this market.  GDP has been downgraded by the Fed, Iraq is breaking out into civil war, and the Global economy is slowing. Additionally, fundamentals are near the higher end of the range, especially for a slowing economy.  And market participants, both retail […]

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