Daily State of the Markets
The Next 3 Reasons To Exhibit Some Caution
Tuesday's stock market action was interesting on several fronts. In the morning, it appeared that the bulls were about to recover their lost momentum mojo in response to a second consecutive monthly surge in Consumer Confidence. But then the politicians started making headlines about new …
3 More Reasons To Take Your Foot Off The Gas
Save the usual intraday algo runs that move the market up and down 1 percent or so just for the heck of it, the stock market has been pretty dull lately. In fact, as defined by the S&P 500 index, the market finished Monday less than 6 points (0.3 percent) from where it closed on July …
20 Reasons To Take Your Foot Off The Gas Pedal (Part I)
A colleague recently issued me a challenge. In short, my long-time friend teased that I needed to remove my rose-colored Revo's, if only for a moment or two, and try to look at the stock market environment from a member of the bear camp's perspective. Although I am indeed a card-carrying …
The Word of the Day is 'Improvement,' But...
In the early going, the word of the day appears to be "improvement." China's Flash PMI reading improved to an 18-month high with a reading of 52.0. This suggests that growth is accelerating in the manufacturing sector of the world's second largest economy,…
Quick Take: The Word You're Looking For is 'Resilient'
Current Market Outlook
Perhaps the best word used to describe the current market environment is resilient. Regardless of what the bears throw up against the wall lately, nothing seems to stick. Once again, traders appear to have shaken off the most recent geopolitical issues in …
The Bears Can't Be Too Happy Right About Now
As a card-carrying member of the glass-is-at-least-half-full stock market club , I will have to admit that my bias is to lean bullish when evaluating the market/economic landscape. I learned in the mid-1990's that it was a dumb idea to stay negative on the U.S. economy and/or stock market…
Indicators Suggest A Pullback Might Be Near, But...
One of Dave M's partners at newly formed Numetrix Capital (a research firm focused on multi-manager and multi-strategy portfolio diversification), Paul Schatz, is filling in for Dave this morning. Here are Paul's latest thoughts on the "state of the markets."
Good morning. The Dow…
Which Matters More: Yellen or Earnings/Econ Data?
The big event of Tuesday was Federal Reserve Chairwoman Janet Yellen's semi-annual testimony on monetary policy before the Senate Banking Committee. No one really expected Ms. Yellen to break any new ground with her prepared testimony. So the key for traders was to listen to the tone of t…
Can Earnings Season Carry the Bulls to Higher Ground?
After more than a week of very little in the way of news to work with, traders are being bombarded with inputs this morning.
In Europe, the all-important ZEW economic surveys showed that the outlook for the economies of Germany and the Eurozone con…
Has the European Debt Crisis Returned?
Anyone coming into Thursday morning looking for a sleepy summer session was in for a rude awakening as S&P futures were down hard three hours before the opening bell. For example, as my 6 screens flickered on at 5:15 am Thursday, I began perusing my news feeds. Then I saw the futures …