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 […]
Economy
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 […]
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 […]
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 […]
Kenny’s Commentary in Barron’s…Oscillation
Make Up Your Mind, Already: Inside the Stock Market’s Indecisive Week: “When in doubt, trade away.” By Ben Levisohn Oct. 16, 2020 By all appearances, investors can’t decide what they […]
NASDAQ and S&P500 positive for the year in the sharpest stock market recovery on record
U.S. equity markets posted a solid performance last week. The Nasdaq composite once again led the charge, posting a gain of 3.39% for the week. The S&P 500 gained 110.85 […]
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 […]
Mr. Robot
The primary theme in last week’s note was that the Nasdaq’s outperformance to the upside, relative to the Dow and S&P 500 since our March 23rd bottom, was likely to […]