State of the Markets
Sigh Of Relief
By:
The State of the Market
The market-jolting news this morning isn't about the election results. There is no update on lawsuits or vote counts. No news on the state of the "blue wave." No, on this fine Monday morning, the big news, the news that is pushing DJIA futu…
Stocks May Not Care Who Wins The White House
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The State of the Market: Executive Summary
If you are like me, you were probably checking on the stock market futures in the wee hours of Tuesday night/Wednesday morning. If you are also like me, you may have been surprised initially to see the NDX futures popping…
Do Stocks Care About The Election?
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The State of the Market: Executive Summary
One week ago, uncertainty reigned supreme as traders fretted over earnings, COVID, the economy, and of course, the election. After what so far qualifies as a garden-variety correction, which has seen the S&P fall abou…
The Jitters Are Justified
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The State of the Market: Executive Summary
Another Monday. Another 1% move. I guess that's just the way the game is being played right now. According to Barron's, the S&P 500 has moved at least 1% in either direction every Monday since the end of August. Good …
Is It Time to Return to the COVID Winners?
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The State of the Market: Executive Summary
Well, so much for that bullish cup-with-a-handle formation that appeared to be developing on the charts. As I had opined earlier in the week, if the S&P broke above the "handle" of the formation, a new uptrend had a c…
Three Negatives and One Ginormous Positive
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The State of the Market: Executive Summary
Three negatives and one ginormous positive. From my seat, this defines the current stock market environment. The negatives can more accurately be described as uncertainties and all are well worn: (1) The breathtaking surg…
