Daily State of the Markets
The Good News Is...
The State of the Market
First the good news. Using history as a guide, it looks like the major indices should finish what has been a crazy calendar year in fine fashion. According to data from Fundstrat, when the S&P 500 is up between 10% and 15% between Janua…
The Reasons For The Rally
The State of the Market
To review, the overriding purpose of my oftentimes meandering morning market missive is to identify the primary drivers of the market action. As I've stated a time or two, my thinking is that if I can understand why Ms. Market is doing what…
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 …