A Washout Trade and Rising Risks
The breakdown in equity market pricing last week was more follow-through from the previous week’s performance than it was an event in and of itself. As discussed in last week’s note, […]
Economy
Get Ready for the World Economy’s Biggest Week of 2019 – Bloomberg
US equities posted another solid week for investors. On Friday, growth-centric indices Nasdaq Composite and Russell 2000 both gained greater than 1%. The S&P 500 added 0.7% and the Dow […]
Stock Rally From Early June Shows Signs of Fading Momentum – Marc Sutin
We find ourselves in genuinely rarified air as investors. The unemployment rate stands at a multi-decade low, unemployment among minority workers is at historic lows, and equity market indices are […]
European political upheaval, stalled trade talks, lower equity prices and compressed bond yields
Not unexpectedly, US equities took it on the chin last week. The lopsided trade lower was fueled largely by the increasingly widely shared view that US/China trade talks are not […]
Now What?
To say last week was an interesting one for investors would be putting it mildly. My repeated insistence on caution in recent notes, as it relates to US equities, was […]
US equity market uptrend under pressure as Q2 gets underway
US equities closed out Q1 on a positive note on Friday with the Nasdaq posting a quarterly gain of 16.5%. Quarter-end window dressing helped lift all major equity market indices […]
Now Things Get Interesting – The Last Trading Week of Q1
Last week, US equity markets finally began to price in several variables that we have touched on in recent notes. The risk-off trade led to the worst one-week performance for […]
Last week’s pullback leaves equity markets vulnerable
The pullback that I suggested was on the horizon in last Monday morning’s note took shape last week. All three US major market indices lost ground on every trading day […]
Asian equity markets trade higher on Monday
US markets were closed for Presidents Day. From the standpoint of the economic calendar this week, Thursday should provide the lion’s share of the economic data investors are most eager to […]
Confirmed Uptrend Remains in Place
Last week’s equity market performance allowed for traders to cash out on the best four-week performance for the leading US equity market indices in years. The largely horizontal weekly move […]