Category Archive

The S&P 500 continues its ongoing rally and is approaching 4300, which is its highest level since 8/17/22.  The bulls off of the October low have clearly had the better of the bears.  Admittedly, I have been in this latter group having an unfavorable view of the overall equity market.  Despite this ongoing strength in the cap-weighted index, several key …

The ongoing debt ceiling negotiations and lack of a deal between the White House and the GOP continues to dominate the overall equity markets and creates ripples with each headline that hits the tape.  Also, a big factor that has everyone’s attention is AI and the top 10 technology names that have had an upward surge in their stock prices.  …

The equity markets remain rangebound since 5/22, with varying performance across different indexes — some showing slight gains, others remaining flat or marginally down. However, it is crucial to recognize that the S&P 500 does not encompass the entire breadth of the equity markets. Beneath the surface of the headline benchmark index and the dominating mega-cap tech names, the average …

As my calendar begins to refill and my activity levels start returning to normal after my couple weeks of dealing with some things, I find it interesting to be both reading/hearing from other forecasters/analysts as well as interacting with clients.  From other forecasters/analysts, I am hearing talk about how good earnings have been for the quarter, that the equity markets …

The ongoing tug-of-war that I have been discussing since the beginning of the year seems to have tilted towards “all is good.” Smooth sailing ahead. The banking crisis has been averted. The Fed will have to end its hiking cycle and return to accommodation. The economy and corporate profits will withstand any challenges and remain resilient while inflation keeps falling …

The first week of March has been filled with the same “tug of war” action that typified the months of January and February, which I began discussing in my first Whispers of 2023.  The two-day short squeeze rally following non-voting Atlanta Fed President Bostic’s comments last Thursday has reversed quite violently this week on Chair Powell’s two-day testimony in front …

The tug of war between the Bulls/Doves and Bears/Hawks continues as we head into the home stretch of 2022.  There has not been a lack of data and headline news for both sides to try and make their case as the S&P 500’s rally that began in October is still hovering near 4000.  As has been the case since the …

Equities have rallied and have continued to hold at higher levels following the lower-than-expected CPI report from last week and the follow up downside surprise from PPI that came out earlier this week.  A lot of more tactical and mechanical related funds were caught offsides, and a short covering surge has occurred.  Now that a bounce attempt has once again …

Equity markets will do what they want to do in the short term.   Many wise investors have stated over time that one should not get mad at markets if they move against you.   I agree, but to be honest, the recent price action has me frustrated and a tad puzzled. What has me scratching my head?  My research has not budged …

FLASH COMMENTS: I guess the bear market is over.   The DJIA just posted its best monthly return since January 1976 (+14.41%), its second-best month since 1936, and its best October as Chair Powell will trade in his talons for a white dove costume during his post-Halloween FOMC press conference, as inflation is ready to plummet and labor slack is surging, …