Daily State of the Markets
Portfolio Impact of One Decent Report
Dave M. is in LA early this week taping a TV segment that will be aired on Fox Business and Bloomberg TV. This morning's "Daily State" report was penned by Paul Schatz of Heritage Capital, LLC. We are pleased to be able to offer Paul thoughts on…
Will the 15th Time Be the Charm?
Well, here we go again. Once again, the S&P 500 finished at what amounted to a fractional new all-time high on Thursday. And once again, the venerable index did not produce a convincing break above the top end of the trading range that has been with us for quite some time now. So once…
It's a Bull Market Until Proven Otherwise
From a long-term perspective, it is worth noting that the current advance in the S&P 500 is now the 2nd longest period in history without a 10% correction and the 3rd longest (but only by a hair) without a 20% correction (aka a bear market). Thus, it is easy to say that this bull mark…
Trend Challenged
With the market having been trend-challenged for quite some time now, one of the things I'm doing in order to try and keep things in perspective is force myself to look at the market from different time frames. But before we begin today, I thought it might be a good idea to review the def…
All Eyes On Global Interest Rates
The big stories in the market at the present time are the recent backup in global interest rates and Janet Yellen's "Irrational Exuberance" moment last week. First, the Fed Chairwoman mentioned in a speech last week that stocks valuations are "quite high" at the present time by traditiona…
Five Ways To Play The New, New Normal Market
As I mentioned last time, I have had a fair amount of time to think about the state of the markets over the last week and a half. My travels first took me from Colorado to Des Moines by car for my youngest daughter's college graduation, and then on to Newport Beach for NAAIM's (National A…
Just The Way The Game Is Being Played
There can be no denying that intraday volatility has been "a thing" during the vast majority of 2015's trading sessions. And while all too often there is nary a catalyst to be found, this was most certainly not the case on Wednesday as traders dealt with a European tank-job, yields rising…
What's the Takeaway?
With the end of the month approach and the stock market acting a little strange lately, I thought it might be a good time to step back from the blinking screens and do an overview of the market using different lenses. What follows is my attempt at a succinct summary of each of the primary…
Modern Day Distribution?
There is an interesting pattern developing in the stock market these days. And while this pattern may be rooted in a very old-school concept - which may or may not apply to today's fast-moving, algo-driven markets - it is worth noting all the same because the implications are worrisome.
Will The Generals Follow The Troops This Time?
The headlines read that after more than a 15-year hiatus, the NASDAQ Composite index finally returned to new all-time highs yesterday. Think about that for a moment. It was more than 15 years ago that the technology bubble burst and ushered in the first of two brutal bear markets during t…