Richard H. Driehaus (1942-2021) Requiescat In Pace
A true giant in the world of investing, a visionary, a philanthropist and former client, Richard H. Driehaus, passed away on Tuesday of last week. He will be missed by […]
Commodities
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 […]
“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 […]
50-Day Moving Average, line of demarcation
Last week’s price action and volume metrics on US equity markets left investors in search of clear directional cues. For the week, the Dow Industrials gained a healthy 508.85 points […]
Outlook for stocks shifts to “Uptrend Under Pressure”
Market losses and distribution days are beginning to add up. The spread of the deadly coronavirus continued to fuel a meaningful trade lower last week – particularly on Friday. The […]
No to negative rates. Markets in a confirmed uptrend. Gobble, Gobble…
Last week, US equity markets managed to gracefully give back some recent weekly gains. The modest reset came as a result of several familiar variables, including a lack of visibility […]
“The Powell Put is in Place”
Last week’s .25 bps Fed rate cut, stronger than expected Q3 GDP(a) reading, better than expected October Employment Report, and revisions to August and September’s Employment Reports propelled US equity […]
Oil Prices Jump After Attack in Saudi
Despite Friday’s mixed performances, US equity markets gained ground last week, while the Dow Industrials logged their 8th consecutive daily gain. Financials provided a constructive underpinning to the week as […]
It wasn’t the cut, it was the message
A tepid start to the week led to a washout for US equity markets last week. Price performance across all three major equity market indices was highlighted by the fact […]
CFRA sets 12-month target, implying a 6.2% appreciation potential from the 6/18/19 close
US equity markets rallied sharply last week—due in large part to President Trump’s signaling that US/China trade talks were still on life support, not dead. His encouraging tweets in reference […]