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 […]
Employment
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 […]
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 […]
I have some really BIG news to share…
I am a Grampa! Charli Louise Kenny arrived this past Thursday evening. Everyone is home, happy and healthy. Current Market Outlook: Market in correction US equity markets quietly slipped into […]
Silver Lining in NASDAQ’s Friday Reversal
Last week’s equity price action left investors of all stripes and sizes with an ageless reminder: what goes up must come down. And though last week’s price action was particularly […]
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 […]
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, […]
As Investor’s Business Daily put it: “What a terrible week.”
Last week’s equity market meltdown caught investors off guard; it was painful, swift, and reminiscent of corrections past, though unique in some respects. With that carnage as a backdrop, and […]
Jerome Powell’s Heads to Capitol Hill on his 2nd Anniversary at the Fed
On Tuesday and Wednesday of this week, Fed Chair Powell will be giving two scheduled speeches. On Tuesday, he will be addressing the House Financial Services Committee. Though neither was […]
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 […]