Stocks behaved like sinners in church last week. Anxious. Sweaty. And panic prone. Continuing their downward skid as investors responded negatively to disappointing economic data from China and the Eurozone, a slight increase in interest rates and rising global trade tensions. All being viewed against a backdrop of concerns over the White House. Which may […]
"There must certainly be a vast fund of stupidity in human nature, else men would not be caught as they are, a thousand times over, by the same snare; and while they yet remember their past misfortunes, go on to court and encourage the causes to which they were owing, and which will again produce […]
U.S. stocks rallied Wednesday. The most they've leapt in eight months. The dollar fell. Emerging-market assets surged. Responding like Pavlov's dog to the dovish tone from Fed chairman Powell. One that fueled speculation that the central bank is closer than thought to pausing rate hikes. Stocks that had fallen the most during the six-week slump […]
Remember: the last midterm election after which the market was lower 12 months later occurred on November 5, 1946. Indeed. Ultimately, Tuesday's election followed the most probably route (for a change). With the GOP losing the House, making gains in the Senate, and maintaining a slim edge in Gubernatorial offices as Democrats managed a small […]
Rough month for global equity indices. Yet, we remain above the March lows. At which time the S&P 500 fell to 2,588. three percent beneath today's level. For now, the primary uptrend remains higher. Though pragmatic market observers must recognize that the trendline could be in jeopardy should this month end with lower lows. This […]
WARNING: tomorrow's election outcome will determine the very future of our Democracy. Or not. In fact, you can add the above to all of the other ridiculous and exasperating nostrums being cast about of late. Wednesday morning? I'll miss the political attack ads. The venomous vitriol. The half-true allusions. The far-flung aspersions. And the embarrassing […]
Following the previous week's four percent decline, and the ten percent overall correction, the S&P 500 managed to climb 2.47 percent this week. Shaving some of the October losses. And lending an air of optimism to a pervasively ominous sentiment. As of last Wednesday, more than 75 percent of stocks in the S&P 500 were […]
For investors the world over, the last week has been anxiety inducing. Gripped, as we've been, by a cocktail of fear-inducing biological responses comprehended by few. First, a contextual digression. Consider February's 10.02 percent correction. The week before that occurred, we saw $25 billion in new cash flow into stock funds. The sixth-largest amount on […]
Ouch? Easily an understatement. The recent sequence of events has had global investors screaming like a gaggle of teenage girls at the Haunted Insane Asylum. The last two weeks have been a classic Halloween Horror Show. The S&P 500 closed Friday at a shockingly oversold level. More than 3.7 standard deviations below its 50-day average. […]
Beware October 10th. Historically, 10/10 has been to stocks what The Bogeyman is to children's nighttime affairs. Downright spooky. 10/10 has been the nexus of many historical highs and lows. In 2002, it served as the nadir of the dot-com bust. In 2007, it proved the apex of the bull market. And the start of […]
