Daily State of the Markets
All About The Expectations
The S&P 500 closed out the week just off fresh all-time highs. But, to many investors, the rally is definitely a head-scratcher. So, if you find yourself wondering how stocks can be correcting lower one minute and then back at all-time highs the next, here's my quick take on the situa…
Market Model Review: 10.18.21
The onset of earnings season appears to have energized the bulls as the S&P 500 finished the week closer to all-time highs than the recent lows. To be sure, the major indices remain entrenched in a trading range. But with some good news on the economic front (Core PPI was reported bel…
Looking Ahead: The Correction Will End When...
It is said that stock market corrections are only "normal and healthy" until you are in the middle of one. The problem is it can be tough to see the bright side of the macro picture when volatility begins spiking, prices start to crater (and then recover, and then crater again), and all k…
Market Model Review 10.11.21
As a reminder I've decided to make an adjustment to the publishing schedule of my blog/oftentimes meandering market missive. Going forward, the plan is to publish a "Model Review" report on Monday mornings. This will be the same group of models that you have come to know over the years. T…
Two Charts Explain The Action
Here we go again. Apparently the fast money traders and their computers have decided that another fast-moving, violent rotation in the stock market is needed here. So, it's everybody out of the pool in tech in favor of players going all-in on the reopening/value stocks. Got it.
To…
Market Model Review and Publishing Update
Greetings and Happy Sunday!
I am writing to let you know that I've decided to make an adjustment to the publishing schedule of my blog/oftentimes meandering market missive.
Going forward, I plan to publish a "Model Review" report on Monday mornings. This will be the same g…
The State of the Market (In Two Bullet Points)
I was recently tasked with providing a summary of the current market environment in, wait for it, two bullet points. As long-time readers of my oftentimes meandering market missive will likely agree, brevity isn't exactly my strong suit. But, I decided to give it a try by accepting the ch…
Threading The Needle
All eyes were on Jackson Hole last week. Well actually, all eyes were on their computer screens as Fed Chair Jerome Powell gave his much anticipated speech virtually at the Kansas City Fed conference, which is usually held in Jackson Hole.
In short, investors of all shapes and siz…
Delta Disruption?
Although stocks rallied to end the week and my screens are flashing a lot of green again this morning, it appears that the relentless rally that began in March (or some might argue, November 2020) has stalled a bit. To be sure, this isn't the first time the bulls have taken a break during…
