Daily State of the Markets
Rebound in Oil Patch Saves The Day - But Can It Last?
Ho hum. The S&P 500 finished Wednesday's session with a gain of 1.98 points or 0.10% and the illustrious DJIA closed down 0.33 points, which, of course, amounts to 0.00% on the day. It must be late summer, right?
Well, as the Hertz commercials used to say, "Not exactly." Sure,…
Bulls Need To Fight, Right Here, Right Now
Paul Schatz of Heritage Capital, LLC is filling in for Dave M. this morning. We are pleased to be able to offer Paul's thoughts on the state of the market and hope that you enjoy his views.
After a clear loss to the bears last we…
Recovery, What Recovery?
After being down five of the last six sessions and ten of the last fourteen, stocks blasted higher on Monday. The popular media attributed the unexpected joyride to the upside, which turned out to be the Dow and S&P's best days in more than three months, to the "recovery in oil" and W…
Divergent Behavior
We've talked a lot recently about the protracted period of time the stock market has spent moving sideways. To be sure, the current action feels a bit off. And now there is some data to back up this view. As I reported recently, Ned Davis Research has informed us that the current, tight t…
Building An Unemotional Market Model
Last time, we looked at the "Indicator Wall" a team of professional money managers I am involved with built for NAAIM - The National Association of Active Investment Managers. The idea was to provide NAAIM members with a complete rundow…
A Cold, Hard Look At The State of the Indicators
I have been suggesting for some time now in my oftentimes meandering morning market missives that the risk of a meaningful correction in the stock market has become elevated. I've relayed many of the reasons why I come to this conclusion such as the state of absolute valuation levels, the…
Is Sideways the New Normal?
We've been saying that the key to the current stock market environment is to recognize that the indices have been basically stuck in the middle with you (hat tip to 70's one-hit wonder, Stealers Wheel) for some time now. Some will …
Some "S" Words to Consider
For those that weren't around in the early 80's, it is important to recognize that parsing the Fed's verbiage is MUCH easier today than it was during the early days of Paul Volcker's rein. Although Alan Greenspan did make the game a little easier than his predecessor, recall that the thic…
The More Things Change, The More They...
In the last few weeks there has been plenty of issues for traders to focus on. Obviously the ongoing debacle in Greece captured everyone's attention for a while. Then there was the 3-week crash in Chinese stocks. The renewed plunge in oil/commodity prices. Earnings. Economic data. And the…
Once Again It May Be Time To...
To be sure, China is the focal point of the stock market at the present time. The world's second largest economy is now the poster child for the #GrowthSlowing worry and all the bad things that come with it. China is also front and center in what can only be termed as an impressive case o…