Daily State of the Markets
A Chart That Makes Me Say, Wow!
By:
While almost everyone is still talking about Friday's jobs report and whether or not inflation is here to stay, I'd like to use my pixels to talk about something else on this cold and rainy/snowy Monday morning in Colorado. You see, when doing my review of news, charts, and models, over t…
What Could Go Wrong?
By:
My friend/colleague Mr. Jeff Pietsch, CFA, and I were asked last week to offer our thoughts on the reasons why the U.S. stock market could experience a correction in the coming weeks/months ahead. It was a good exercise as it is a really good idea to look at the game from both t…
Is Sideways The New Down?
By:
The State of the Market
Stocks moved largely sideways last week in response to what appears to be conflicting narratives. But then again, given the overbought nature of the market and the overexuberant levels of sentiment, sideways beats the alternative.
T…
Drivers and Models Remain Constructive
By:
The State of the Market
I'm on the road, so I'll be keeping my thoughts on the market brief for the next two weeks. From my seat, the key drivers to the current upward trend in the stock market include the expectations for the economy to "boom" in the coming quart…
A Goldilocks Moment?
By:
The State of the Market
Jamie Dimon attracted a lot of attention last week with his summary of the current economic/market environment. In his highly anticipated annual shareholder letter, the JPMorgan Chase (JPM) CEO wrote that we are looking at a "Goldilocks mom…
All Good News, But...
By:
The State of the Market
Although the exchanges were shut on Friday, yet another important economic indicator came in well above expectations. In case you were otherwise occupied, it is worth noting that nonfarm payrolls accelerated in March by 916,000, which was w…
The Rate Trade Remains In Play
By:
The State of the Market
I'm traveling for the next week, so the plan is to keep my oftentimes meandering market missive brief and to the point. So... From my seat, the key driver to the current market is the action in the bond market. In short, it appears that the…
Backdrop Remains Constructive For Bulls
By:
The State of the Market
Long-time readers know that the primary purpose of my oftentimes meandering market missive is to identify the drivers of the current market environment. And since I spent a fair part of the weekend dodging blizzards on our way to Palm Deser…
Is Good News Good For Stocks or Bad?
By:
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…
