Shot out of a cannon!
Any sense of caution that might have accompanied the new year as a result of our dramatic trade higher into year-end was seemingly nowhere to be found last week as […]
Author: Peter Kenny
On Your Mark
Trading volume last week was, not unexpectedly, very light. All three major U.S. equity market indices remained in-trend – closing out the holiday shortened week marginally higher. On Thursday, the […]
A brief last note for the year of COVID – 19, 2020
N.B. Dear Friends, I will be taking the next few days off. The next Kenny’s Commentary is scheduled for release on January 4, 2021. In my absence, I hope you […]
Bulls and bears make money. Pigs get slaughtered.
Equity markets – last week and looking forward: U.S. equity markets hit the “pause” button last week in their relentless trade higher. The Dow Industrials gave back 171 points or […]
Hang on for the Home Stretch
A relatively benign economic calendar this week and a dwindling number of companies yet to report Q3 results will allow traders to focus on calendar-centric year-end trading, whatever is left […]
Markets on a Tear. What’s Next?
A couple of quick thoughts… Last week certainly did provide for a dramatic trade higher and in the process allowed for the Nasdaq to finally eclipse the 12K level with […]
While Rome Burns & The “January Effect”
There is a growing chorus of highly respected market technicians calling for a pullback in the market. Using the Nasdaq Composite as a proxy for the broader market, it is […]
Alfred E. Smith IV
Friday, November 20th marks the sad 1 year anniversary of the passing of Alfred E. Smith IV. Al was a friend to all and an ally to many. His soul […]
Thank a Veteran
In my morning note to you, dated 10/26, I led with: “Never short a dull market.” Last week’s price action, though fueled by an unusual confluence of forces and events, […]
“Never short a dull market.” – HJK Jr.
US equity markets have alternatively found justification for an intermittent trade higher from either news of progress in the current coronavirus aid/stimulus talks or better than expected earnings or even […]