Shift Direction
With Q1 wrapping up in the coming days, so will any remaining Q4 2020 earnings reports. Q4 results were significantly stronger than the street had been expecting. In fact, according […]
Federal Reserve
The Question of Stock Market Leadership – Marc Sutin
Last week we discussed the Fed’s new monetary policy framework. In my view it implies that the Fed will not tighten policy in anticipation of inflationary pressures that may not […]
Is the Market Oversold?
This week marks the 15th anniversary of Kenny’s Commentary. As a result, I will be taking a break from the note for a week or two. However, you will have the […]
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 […]
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, […]
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 […]
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 […]
How did COVID-19 impact Q2 results and guidance?
The Nasdaq composite rallied 4% last week, and as we have discussed in recent notes, the S&P 500 and Dow industrials underperformed on a relative basis for three months. The […]
Stocks lose ground on the week, but remain in channel
After a turbulent week, we opened on Friday with equity markets trading sharply lower only to see institutional buyers step in to take advantage of the steep intraday discounts. As […]