Daily State of the Markets
Three Negatives and One Ginormous Positive
The State of the Market: Executive Summary
Three negatives and one ginormous positive. From my seat, this defines the current stock market environment. The negatives can more accurately be described as uncertainties and all are well worn: (1) The breathtaking surg…
Do Nothing, Absolutely Nothing, Until...
The State of the Market: Executive Summary
Stocks are down again in the early going Monday as a new record high in daily coronavirus cases (as well as a new high for the 7-day average of new cases) here at home and in many places in Europe has caused traders to fe…
The Three Keys To This Market
The State of the Market: Executive Summary
From my perch, there are three factors driving stock prices to-and-fro these days. First, there is the state of the on-again-off-again stimulus talks, which appear to be a modest positive again this morning. Next, there i…
A Healthy Dose of Patience is Required
Executive Summary:
The song remains the same again this morning as the stock market indices continue to be pushed and pulled by the status of stimulus talks. While past and present Fed officials continue to pound the table publicly about the need for additional fi…
How To Play The Digestion Phase
Executive Summary:
From my seat, the action continues to be driven by the prospects for additional stimulus. Good news on the stimulus talks produces rallies while disappointment leads to intraday selling. From a shorter-term perspective, stocks are struggling due…
Hard To Argue With Bulls Here
Executive Summary:
From my seat, the state of the market depends largely on the time frame lens one is viewing the market through. Looking at the action from a shorter-term perspective, volatility remains high due likely to the uncertainty over the fate of additio…
Understanding The Current Market Logic
Given the state of the COVID headlines, the ongoing fighting over additional economic stimulus, the prospect of higher taxes next year, and the potential for a contested election, one couldn't be blamed for a less than optimistic outlook toward the stock market. However, "market logic" is…