Daily State of the Markets

Is FOMO Setting In?

Happy Monday and welcome back to the game. My wife and I decided to make a quick trip out to Moab, Utah to enjoy a sunny weekend in a truly spectacular place. If you haven't been, be sure to put it on your bucket list. And for all you testosterone junkies, this is your Mecca as there are …

A New Leg Higher? Or...

I'd like to start this week's missive by wishing everyone a Happy Veterans Day and hoping that we can all take at least a moment to say a silent thank you to those who have kept our country safe for more than 240 years. Banks and the bond market have the good sense to be closed to…

Bear Camp Can't Be Happy

Happy Monday and welcome back to the game; a game that must be a bit befuddling for the bears at this time. Think about it. Our furry friends would seem to have an abundance of firepower at their disposal. For example, there is the ongoing trade spat, which seemingly improving wit…

That Line In The Sand Again

Good day and welcome back to the land of blinking screens. Breakout or fake out? Despite the impeachment and BREXIT drama, the punk economic numbers, the trade war, the geopolitical issues, the Fed meeting and, of course, the ongoing earnings parade, this is really the only questi…

It's All About The Parade

Good morning and Happy Monday. I've said it before, and I'll say it again. With all of the issues, headlines, tweets, etc., it is a little surprising to see the S&P 500 sitting within a stone's throw of an all-time high. Some will argue this is the market climbing a "wall of w…

Current Market Concerns: The Good, The Bad...

In speaking with folks about the state of the stock market over the past week, it occurred to me that people's views vary widely and seem to fall into one of three categories: the good, the bad, and the just plain ugly. Those seeing the glass as at least half empty are baffled by …

Jumping The Gun But Looking Ahead

Good morning and Happy Columbus Day. While banks and the bond market have the good sense to take the day off, stock markets are open, and traders appear to be busy processing the latest headlines. In case you haven't heard, it sounds like the White House may have jumped the gun wi…

While We Are Waiting, Let's Check On The Cycles

To be sure, the current stock market is focused on a couple key things. While this can clearly be placed in the Captain Obvious category, first there is the trade war. From a near-term perspective it's this week's trade negotiations. And second, there is the upcoming Fed meeting. Yes, yes…

Models In Good Shape But Short-Term It's All About The News

Good morning and Happy Monday. The headlines continue to drive the daily action with this morning's weakness due to (1) news that the Chinese want to limit the scope of trade talks this week and (2) confirmation that there is at least a second whistleblower with a firsthand account of the…

Assuming The Worst (Again)

One of the bullish arguments that has been bandied about by many analysts (including yours truly) is that the major indices have been hanging tough lately and remained, until yesterday at least, a stone's throw away from all-time highs. This despite the Impeachment headlines, the ongoing …