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 […]
Earnings
“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 […]
Stock market posts best week since July
US equity markets had a good week last week as all three majors, and the Russell 2K gained ground. The Russell out-performed its piers on the week. The Russell gained […]
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 […]
Batten Down the Hatches Ahead of Election: Peter Kenny (Radio)
September 14, 2020 — 10:40 AM MDT Bloomberg Markets With Paul Sweeney and Vonnie Quinn Peter Kenny, founder of Kenny’s Commentary and Strategic Board Solutions, on merger mania, and why […]
Stronger PMI and housing data shove stocks higher into record territory
As equity markets continue to trade higher – fueled by momentum, improving economic data, and better-than-expected earnings, the urge to sell into this trade higher is undeniable. The leaders in […]
Wall of Worry
Investors in US equities have been handsomely rewarded since late March – particularly those with overweight exposure to large cap tech specifically, and the Nasdaq more generally speaking. The robust […]
Cautious Rotation
Though we closed out last week’s trading with a directionless and rather uneventful session on Friday, for the week, the Dow Industrials gained a healthy 2.3%, and in the process […]
Dow in the Dust
Despite a relentless drumbeat of dire economic data releases again last week (ADP, Employment Report et. al.), markets moved sharply higher. Given the economic backdrop we find ourselves mired in, […]
Negative economic data will trigger reset lower
International trade data for March is released Tuesday at 8:30 am. Econoday consensus is calling for March’s reading to be $-44.0 B. February’s results were $-39.9 B. Also on Tuesday, […]