State of the Markets

When "Good Action" Isn't And The Newest Problem

By: David Moenning

Things were not looking good on Friday afternoon. At 3:00 pm eastern, the major stock market indices were at the lows of the day and falling fast. The yield on the 10-year, which is viewed by many as a proxy for the economic outlook, had plunged again, this time closing the day at 0.706% …

The Panic Playbook: A Blueprint For Market Crises

By: David Moenning

For investors of all shapes and sizes, the question of the day appears to be, now what? After the 14% thrashing of the Dow Jones Industrial Average in just seven sessions, one can't be blamed for feeling a little shell shocked. In short, these types of market panics can leave one disorien…

Fear Has Arrived. What's The Plan?

Anyone thinking that the stock market would simply ignore the potential economic impact of the coronavirus pandemic is getting a wakeup call this morning. Instead of focusing on the bright side and the stimulus plans that have been bandied about in places like China, stocks are now in ful…

Time For a Reality Check?

By: David Moenning

Greetings from PGA West in La Quinta, CA where it is sunny and warm. However, getting here took some doing and I had kind of a rough travel schedule last week... First I flew from Denver to NYC for meetings Monday through Wednesday. Then after a brief stop/nap in Denver very late Wednesda…

Positives Outweighing Negatives (For Now)

By: David Moenning

What a difference a week can make, eh? One minute traders are freaking out (as in the 603 point dive registered by the DJIA on Friday, January 31st) over the potential impact of the Coronavirus on the global economy. And the next week, the major stock market indices are hitting new highs.…

This Is The Dip

By: David Moenning

The excuse du jour for the current pullback/correction/sloppy period is clearly the Coronavirus. But in reality, it could have been anything. As I've been saying, stocks had become overbought and investors over believed in the bullish, theme. You know, the idea that we were revisiting 201…

Stocks Catching Cold Or Something Worse?

By: David Moenning

You knew it was coming. No, not the Coronavirus. Rather an excuse du jour to create some selling. After an impressive joyride to the upside, which saw the S&P 500 surge +15.3% from the close of October 2, 2019 and the high seen on January 17, 2020, the stock market had become overboug…

What Do The Cycles Say About 2020?

By: David Moenning

Good Tuesday morning and welcome back. Last week, I took a just-for-fun stab at modeling expectations for what calendar year 2020 might look like in the U.S. stock market. And since stocks seem to only go up these days, the question of the day isn't whether or not the S&P 500 will adv…

Modeling 2020 Expectations (Just For Fun)

By: David Moenning

Happy Monday and welcome back to the land of blinking screens. I don't know about you, but I've become intrigued lately with all the projections/prognostications that analysts feel compelled to provide at the beginning of each year. So, just for fun, I thought I'd join in the game this ye…

Time to Take a Break

By: David Moenning

Good morning and welcome to the first real trading week of 2020. It is my sincere hope that everyone enjoyed their holiday break that spanned the majority of the past two weeks (isn't it great when Christmas and New Year's fall mid-week!). But with the calendar having flipped to January, …