David Moenning
A Remarkable Year
In light of the fact that the vast majority of Wall Street is on vacation this week, I'm going to dispense with my oftentimes meandering market missive and let the indicators and models do most of the talking.
However, I would like to share one thought before I move on to finishin…
Impressive Indeed. But...
As the clock winds down on what little time remains on the 2019 calendar, I think we can all agree that both the year and the recent joyride to new highs have been impressive.
Frankly, I don't know of anyone who called for stocks to rally 30% at this time last year or for the indi…
The Gifts Keep Coming
The gifts addressed to investors just keep coming as it appears Ms. Market is in the holiday spirit earlier than normal this year. Call it the Santa Claus rally, the year-end rally, the sigh-of-relief rally, or just about anything you'd like, but the bottom line is the major market indice…
Looking at The Big Picture: Earnings and Valuations
Don't look now fans, but the number of trading days left in calendar year 2019 are dwindling fast and the holiday season is right around the corner. How the heck did that happen?
It's the time of year when we are supposed to be stepping back from the blinking screens and focusing …
Is it Time to Worry or Look Ahead?
Happy Monday and welcome to the final month of 2019, where the bulls will be hoping to avoid a repeat of last year's epic December collapse and the bears are looking to capitalize on an overbought condition.
From a short-term perspective, it looks as if the much-anticipated pullba…
Can The Bulls Keep On Keepin' On?
I awoke to learn that there is yet another early-season snowstorm barreling its way toward Denver this afternoon. There is talk of a foot of snow, blizzard conditions and road closures into Tuesday afternoon. As such, our plans to "take Thanksgiving on the road" to be with our daughter, s…
Is FOMO Setting In?
Happy Monday and welcome back to the game. My wife and I decided to make a quick trip out to Moab, Utah to enjoy a sunny weekend in a truly spectacular place. If you haven't been, be sure to put it on your bucket list. And for all you testosterone junkies, this is your Mecca as there are …
A New Leg Higher? Or...
I'd like to start this week's missive by wishing everyone a Happy Veterans Day and hoping that we can all take at least a moment to say a silent thank you to those who have kept our country safe for more than 240 years.
Banks and the bond market have the good sense to be closed to…
Bear Camp Can't Be Happy
Happy Monday and welcome back to the game; a game that must be a bit befuddling for the bears at this time.
Think about it. Our furry friends would seem to have an abundance of firepower at their disposal. For example, there is the ongoing trade spat, which seemingly improving wit…