David Moenning
Time To Take A Break?
The State of the Market
Stocks have danced merrily higher throughout November as traders have celebrated the idea that highly effective vaccines look to be just a few months away. Cutting to the chase, this means that investors have ignored the bad news about the …
A November to Remember
The State of the Market
A November to remember is showing no signs of letting up in the early going Tuesday. Already the best month in history save October 1987, the month's impressive returns look to expand further today. For those of you keeping score at home, t…
The Market's Dilemma
The State of the Market
Another Monday. Another positive vaccine headline... This is a trend that investors could get used to!
For the third straight week, investors woke up Monday morning to encouraging news. This week, it's the Brits (the Oxford-AstraZen…
A Good Overbought Condition? Or...
The State of the Market
Long-time readers know that there are times when I believe there is a message to be gleaned from the intraday market action. To be sure, this is not the case every single day the stock market is open. Many times, the action should be viewed…
The Long Road Narrative
The State of the Market
I know what you're thinking. If the stock market is looking ahead to better days, why are the stocks falling this morning?
From my seat, there appear to be three driving forces on this fine Tuesday morning. First, and perhaps most i…
All About The Vaccine (Today)
The State of the Market
When I began writing back my oftentimes meandering morning market missive (back in 1998), the original purpose was to identify the primary driving forces of the stock market on a daily basis. The thinking was if I knew what was driving the …
Sigh Of Relief
The State of the Market
The market-jolting news this morning isn't about the election results. There is no update on lawsuits or vote counts. No news on the state of the "blue wave." No, on this fine Monday morning, the big news, the news that is pushing DJIA futu…
Stocks May Not Care Who Wins The White House
The State of the Market: Executive Summary
If you are like me, you were probably checking on the stock market futures in the wee hours of Tuesday night/Wednesday morning. If you are also like me, you may have been surprised initially to see the NDX futures popping…
Do Stocks Care About The Election?
The State of the Market: Executive Summary
One week ago, uncertainty reigned supreme as traders fretted over earnings, COVID, the economy, and of course, the election. After what so far qualifies as a garden-variety correction, which has seen the S&P fall abou…