David Moenning
Friday Focus: All About Jobs Report
Current Market Outlook
Thursday's price action was largely forgettable as the market paused in front of this morning's non-farm payrolls report. So, while China lowered its GDP growth target to the lowest in 11 years, the ECB set plans for their own QE, and jobless claims here i…
A Little Entertainment Ahead of Friday's Jobs Report
Friday's non-farm payrolls will be the report that traders focus heavily on, but in the meantime, we may have a little volatility on our hands. Keyword: may. Overnight, China lowered its GDP growth target to 7%, which marks the country's lowest growth target in the last 11 years. Asian st…
All About the Action
Not much going on from around globe early this morning. China cut rates on its short-term lending facility and expanded quota, but Asian markets are mixed. Europe is trading mixed in choppy fashion, and has been relatively quiet. February composite PMI slipped a bit from flash readings bu…
No Professor Shiller, Stocks Are Not Dangerously Overvalued
With the S&P moving back to new all-time highs, the debate over valuation levels in the stock market is heating up again. Therefore, this would appear to be a good time to continue our in-depth look at a multitude of valuation indicators.
Much of the attention last week was fo…
Do The Bears Have A Case?
Good Morning. This time the bears refused to be run over. This time, after a quick 50-point swing upwards in the S&P 500, the short-sellers were rewarded for selling into some resistance. This time, the good economic news (the NFIB Small Business Index hit the second highest level sin…
What Do The Cycles Say For June?
Good Morning. The argument as to what comes next for stocks falls along party lines at this point. The bulls contend that they were tested last week and that the all-important line in the sand held. As such, our furry friends suggest that new highs for the major indices are only a matter …
The Price of Perfection
Good Morning. The title of this morning's missive is "The Price of Perfection." The first point that needs to be made is that using the word "perfection" in anything related to the stock market may get me in trouble with Ms. Market. As anyone who has been in this business for any length o…
Looking For The Line In The Sand
Stocks have entered a correctional phase of some sort. The next logical question, of course, becomes how low will the pullback go?
Don't Fear The Taper
Good Morning. Stocks have been see-sawing back and forth a fair amount lately and realistically, the short-term trend can't be rated any better than moderately negative right now. And after a strong rally that marched relentlessly higher for six straight months, I think we can all agree t…
Thoughts From The Planes, Trains and Automobiles
One of the great things about being in Europe is the difference in time zones. Given that France and Italy are six hours ahead of New York and eight hours ahead of Denver, there was plenty of time each day to rest up, see some amazing sights, learn about history, and yet still have a mome…