Last Week There were only bulls, no bears, lambs, or lions to be found on Wall Street in March, as the stock market came out as it came in, charging forward. The S&P 500 closed the holiday-shortened week at another record high, and the rally continued to broaden...
Rally Reignited A spoonful of sugar from the Fed made the medicine go down, as the market indexes posted their biggest weekly percentage gains since June, with the S&P 500 finishing up 4.8% for the week, the Nasdaq Composite jumping 5.2%, and the Russell 2000...
A Shift Back to Dovish Against the backdrop of the Fed raising rates and a shrinking GDP, the stock market finished July with a flourish as the S&P 500 rallied 4.5%, the Nasdaq gained 4.7%, and the Russell 2000 advanced 4.3%. The Oil and Gas sector was the...
Consumer Sentiment Crash It was no surprise to anyone watching the news over the last month that the University of Michigan Consumer Sentiment Index for May nosedived back to the lowest levels in eight-years, and approached the nadir reached in the financial crisis...
'Stunning Loss of Confidence' So far 2021 has provided an incredibly smooth ride for investors, but the news flow last week suggested some turbulence on the horizon. The Delta Covid-19 variant cases and deaths surged, both consumer and producer prices spiked, consumer...
Last Week: The Stock market seems to have become comfortably numb to good news, as equities essentially treaded water despite a plethora of good news from economic data, monetary policy, and corporate earnings. The S&P 500 reached another record high on Thursday...
Last Week: The market continued to rebound fueled by better than expected corporate earnings, hope for another round of helicopter money from the government, and optimism over COVID-19 vaccines and therapeutics development. Reality Check: 1) Second quarter earnings...
Last Week: The Good: Third quarter corporate earnings are off to a handsome start, with more than 14% of S&P 500 companies having reported through Friday, FactSet data shows that 81% posted earnings that beat analyst expectations. To be sure, the companies are...
Last Week: Treasury yields rose sharply during the week after signs that U.S. consumer spending remained strong and on receding trade tensions between the U.S. and China. Additionally, both the CPI and PPI showed some signs of inflation. The “Crowd” got caught all-in...
Last Week: Inertia: a property of matter by which it remains at rest or in uniform motion in the same straight line unless acted upon by some external force. With no changes to the narrative to motivate traders, the stock market pendulum has recently found a resting...
Last Week: Pessimism has taken root, as the impact of the “trade war” on global economies has become manifest. In a sporting contest there is usually a winner and a loser. You strategize to beat your opponent. Global trade is not a sporting contest. Quite to the...
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