Daily State of the Markets
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 …
Despite The Headlines Bulls Hold On
One of the great things about spending time out in nature is you don't focus on the intraday machinations of the markets nearly as much as when you are chained to your desk. This allows one to focus more on the big picture "state" of the market as opposed to the latest wiggle and giggle o…
Message From the Models: Continue to Give Bulls Benefit of Doubt
Greetings from the northern reaches of Yellowstone National Park. Although we've lived in "the west" for nearly 20 years now, my wife informed me earlier this year that we had never been to the nation's first national park. "Let's go this fall!" I replied. Of course this was before the tr…
A Fistful of Reasons to be Optimistic
Despite all the worry, fear, and/or uneasiness in the markets these days, the S&P 500 closed Wednesday within spitting distance of an all-time high (0.63% to be exact). Not too shabby for a "hated" stock market, eh?
Yep, that's right, despite the global economic slowdown, the …
The Message From The Models: Stay the Course
Good Monday morning and welcome back. Although I had every intention of "penning" a market missive last week and have an abundance of topics to comment on, a business trip to LA left me with little time to get anything written. My apologies for anyone missing my subjective take on the sta…
Monday Morning Market Model Review: Bulls Retain Possession
Good Monday morning and welcome back to the land of blinking screens. As long-time readers are likely aware, my weekly missive has been comprised of two sections. First, there has been my subjective take on the state and the drivers of the current stock market environment. And second, I h…
Quick Take on The State of the Market
It's been a hectic weekend and as such, I'm going to keep my subjective analysis of the market brief and let the indicators and market models do most of the talking this morning.
However, since returning from our trip across the pond late last week, I have been asked a few times a…
Has Anything Really Changed?
Greetings from London. My wife and I are spending a couple weeks exploring England and Scotland, which so far has been, as the Brits like to say, "quite lovely." Our visits to Westminster, Big Ben, Parliament, Buckingham, Kensington, Leeds Castle, Canterbury, Dover Castle and the local pu…