Daily State of the Markets
Is Good News Good For Stocks or Bad?
The State of the Market
From my seat, the question of the day is if good economic data is good for the stock market, or bad? Cutting to the chase, the answer appears to be, well, it depends on the day.
When Good News Is Good
To rev…
An Interest(ing) Development
The State of the Market
Midway through February, things were looking good as all-time record highs were recorded by the major indices and the YTD gain for the S&P 500 was approaching +5%. But then it happened. On 16-Feb all heck broke loose in the bond market …
Should We Trust The Thrust (Again)?
As a rules-guided money manager, I scan hundreds of indicators each week. I look at market fundamentals such as monetary conditions, earnings, economic data, and inflation expectations. In addition, I look at a myriad of technical indicators as well as "external" indicators such as invest…
The Mother's Milk of Bull Markets
The State of the Market
It is said that earnings are the mother's milk of bull markets. This certainly seems to make sense as it is easy to argue that expectations for higher earnings create an environment for rising stock prices. And don't look now fans, but earn…
Where Do We Go From Here?
The State of the Market
Long-time readers know that I'm a fan of historical market cycles. As the saying goes, history doesn't repeat exactly, but it often rhymes. And over the years, I've found this tends to be the case in the stock market, more often than not.
Should We Be Worried About Valuations?
The State of the Market
If you want to start an argument about the state of the stock market, the topic of valuations is usually a pretty good place to start. And to be sure, the topic is fairly complex. For example, valuation levels morph over time. What was extr…
