Daily State of the Markets
Still Skeptical of the Rally?
If you find yourself skeptical about the sustainability of the current run for the roses in the stock market, you aren't alone. Frankly, you can't be blamed for expecting something negative to come out of the woodwork which would send traders into a selling tizzy and toss the major indice…
Time To Uncork the Champagne?
After more than a year of ups and downs, which some contend included a "mini" or cyclical bear market, the S&P 500 finally returned to The Promised Land yesterday with a new all-time closing high. To be sure, there were no fireworks on display as the venerable index closed well off th…
The Early Take: Time to Work on Your Short Game
Here's our "early take" on the current state of the markets...
With the dramatic decline in the British Pound having slowed and the all-important jobs report on tap tomorrow morning, calm seems to be the word of the day so far in the markets. So, with vacation season in full swing…
And We're Back...
If you find yourself shaking your head over the action of the stock and bond markets over the past six sessions, you are not alone. Talk about schizophrenic!
To review briefly, one week ago today the bears told us that the economic world as we know it was about to end due to the B…
Reasons For The Rebound
Well that didn't take long! After two days of selling and an awful lot of talk about the end of the economic world as we know it, stocks bounced on Tuesday and are furthering gains in the early going on Wednesday.
So what gives, you ask? Why did we see panic selling one moment and…
BREXIT Means Yet Another Trip Through the Range
Good morning and welcome back to the circus. To be sure, the level of macro uncertainty clearly spiked on Friday and the prognostications of the BREXIT vote are coming fast and furious. But the bottom line is the stock market was fooled on Friday and traders (and their margin clerks) took…
The Word Of The Day Is...
Well that was interesting. For the past six trading sessions, the stock market has been busy pricing in what became known as a "BREMAIN" vote. While the polls on the issue of the U.K. leaving the European Union continued to suggest the contest was too close to call, traders apparently cam…
The Waiting Game
Since I received a fair amount of positive feedback on my "executive summary" of the market broken out by time frame, I thought I'd provide another update this morning. It is my sincere hope that you might find a nugget or two in the following assessment of market conditions/drivers.
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Muddling Along Due To...
Good morning and welcome back. Stocks are rockin' this morning on the back of the latest "Brexit" vote, which shows the "stay" camp appears to be gaining traction. The question, of course, is if the early ramp will last as the vote across the pond doesn't happen until the 23rd. So, while …
Here We Go Again...
Don't look now fans, but the S&P 500 is back to within spitting distance of the all-time closing high of 2130.82 set on May 21, 2015. Sure, the bears enjoyed a spirited reversal yesterday afternoon, knocking the Dow back below the 18,000 level and closing at the low of the day. Heck, …