David Moenning

Is It Time?

Don't you just love this game? Just about the time that everyone on the planet realizes that stocks are on a roll and will likely continue movin' on up because of, well, you know the drill... something usually comes crawling out of the woodwork to put the brakes on the move. At least for …

How Much Is Enough?

One of the primary objectives of my oftentimes meandering morning market missive is to stay on top of what is driving the market action. So, one of my New Year's resolutions is to commit at least one post a week to either the short-, intermediate-, or long-term drivers. So, this morning, …

An Early Warning Flag

Coming into Monday morning, the S&P 500 was enjoying the best start to a calendar year since... wait for it... 1987. As of Monday's close, the S&P has gained... wait for it... 6% year-to-date. And according to Bespoke Investment Group, the S&P 500 is within... wait for it... 2…

No Time To Be A Hero

The "State of the Markets" To review, my first report of each week is intended to take a big-picture, macro view of the overall market environment. The idea is to start the week with what we hope will be a solid understanding of what "is" happening in the market (as opposed to w…

The New Market Narrative: Dilly Dilly!

Bearish reversal? What bearish reversal? It turns out that Wednesday's market narrative made a mockery of Tuesday's hand wringing relating to a potential government shut down and the end of QE as we know it. So, cue the reversal of the reversal, or the dip buying, or whatever you'd like t…

Did Something Just Crawl Out Of The Woodwork?

And we're back... After months of little to no volatility, the bears got back into the game yesterday, putting on a pretty decent show on the first day of the week's trade. Stocks started the day higher - no, make that, a lot higher - on the back of strong earnings from the likes …

Bulls May Need To Slow Their Roll

The "State of the Markets" The bulls encountered a bit of a challenge early last week, but by Friday appeared to be none the worse for wear as the rip-snorting bull run of 2018 continued unabated. However, at least on Tuesday and Wednesday, it appeared that our furry fri…

Bond Panic May Be Fake News

After moving to within a whisker of the 2.6% level (2.595% to be exact) yesterday, the yield on the U.S. Government's 10-Year Treasury pulled back in the afternoon and closed at 2.55%. The key is the closing level was only a smidge higher (.004%) from Tuesday's fix. So, since the bond bea…

Are Bonds Crossing The Line In The Sand?

When stocks enter what I like to call "melt up" mode, everything is right with the world. The economic data is strong. Earnings are fantastic. Inflation is low. Consumers are happy and shopping. Employers are hiring. In short, things look good as far as the eye can see. Having bee…

Is The Most Hated Market Now The Most Loved?

At this time last year, many referred to the current bull market as "one of the most hated" in history. There was a host of things to worry about and if memory serves, many prominent analysts opined that there was no justification for the joyride to the upside that was occurring. Oh, and …