A November to Remember image

A November to Remember

The State of the Market A November to remember is showing no signs of letting up in the early going Tuesday. Already the best month in history save October 1987, the month's impressive returns look to expand further today. For those of you keeping score at home, t…
The Market's Dilemma image

The Market's Dilemma

The State of the Market Another Monday. Another positive vaccine headline... This is a trend that investors could get used to! For the third straight week, investors woke up Monday morning to encouraging news. This week, it's the Brits (the Oxford-AstraZen…
A Good Overbought Condition? Or... image

A Good Overbought Condition? Or...

The State of the Market Long-time readers know that there are times when I believe there is a message to be gleaned from the intraday market action. To be sure, this is not the case every single day the stock market is open. Many times, the action should be viewed…
The Long Road Narrative image

The Long Road Narrative

The State of the Market I know what you're thinking. If the stock market is looking ahead to better days, why are the stocks falling this morning? From my seat, there appear to be three driving forces on this fine Tuesday morning. First, and perhaps most i…
All About The Vaccine (Today) image

All About The Vaccine (Today)

The State of the Market When I began writing back my oftentimes meandering morning market missive (back in 1998), the original purpose was to identify the primary driving forces of the stock market on a daily basis. The thinking was if I knew what was driving the …
Sigh Of Relief image

Sigh Of Relief

The State of the Market The market-jolting news this morning isn't about the election results. There is no update on lawsuits or vote counts. No news on the state of the "blue wave." No, on this fine Monday morning, the big news, the news that is pushing DJIA futu…
Stocks May Not Care Who Wins The White House image

Stocks May Not Care Who Wins The White House

The State of the Market: Executive Summary If you are like me, you were probably checking on the stock market futures in the wee hours of Tuesday night/Wednesday morning. If you are also like me, you may have been surprised initially to see the NDX futures popping…
Do Stocks Care About The Election? image

Do Stocks Care About The Election?

The State of the Market: Executive Summary One week ago, uncertainty reigned supreme as traders fretted over earnings, COVID, the economy, and of course, the election. After what so far qualifies as a garden-variety correction, which has seen the S&P fall abou…
The Jitters Are Justified image

The Jitters Are Justified

The State of the Market: Executive Summary Another Monday. Another 1% move. I guess that's just the way the game is being played right now. According to Barron's, the S&P 500 has moved at least 1% in either direction every Monday since the end of August. Good …
Is It Time to Return to the COVID Winners? image

Is It Time to Return to the COVID Winners?

The State of the Market: Executive Summary Well, so much for that bullish cup-with-a-handle formation that appeared to be developing on the charts. As I had opined earlier in the week, if the S&P broke above the "handle" of the formation, a new uptrend had a c…