Now Playing: The Slow Grind image

Now Playing: The Slow Grind

By: David Moenning

The State of the Market For the past two weeks or so, the stock market (as defined by the S&P 500) has been grinding higher on a daily basis. Even when there is disappointing data on the economy, stocks find a way to advance by the time the closing bell rings …
Are P/E's A Problem? image

Are P/E's A Problem?

By: David Moenning

The State of the Market There is nothing terribly new to report in terms of the current stock market drivers. Traders appear to remain focused on the state of the COVID pandemic and the economic recovery, as well as the potential for additional stimulus out of Was…
The Good News Is... image

The Good News Is...

By: David Moenning

The State of the Market First the good news. Using history as a guide, it looks like the major indices should finish what has been a crazy calendar year in fine fashion. According to data from Fundstrat, when the S&P 500 is up between 10% and 15% between Janua…
The Reasons For The Rally image

The Reasons For The Rally

By: David Moenning

The State of the Market To review, the overriding purpose of my oftentimes meandering morning market missive is to identify the primary drivers of the market action. As I've stated a time or two, my thinking is that if I can understand why Ms. Market is doing what…
Time To Take A Break? image

Time To Take A Break?

By: David Moenning

The State of the Market Stocks have danced merrily higher throughout November as traders have celebrated the idea that highly effective vaccines look to be just a few months away. Cutting to the chase, this means that investors have ignored the bad news about the …
A November to Remember image

A November to Remember

By: David Moenning

The State of the Market A November to remember is showing no signs of letting up in the early going Tuesday. Already the best month in history save October 1987, the month's impressive returns look to expand further today. For those of you keeping score at home, t…
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The Market's Dilemma

By: David Moenning

The State of the Market Another Monday. Another positive vaccine headline... This is a trend that investors could get used to! For the third straight week, investors woke up Monday morning to encouraging news. This week, it's the Brits (the Oxford-AstraZen…
A Good Overbought Condition? Or... image

A Good Overbought Condition? Or...

By: David Moenning

The State of the Market Long-time readers know that there are times when I believe there is a message to be gleaned from the intraday market action. To be sure, this is not the case every single day the stock market is open. Many times, the action should be viewed…
The Long Road Narrative image

The Long Road Narrative

By: David Moenning

The State of the Market I know what you're thinking. If the stock market is looking ahead to better days, why are the stocks falling this morning? From my seat, there appear to be three driving forces on this fine Tuesday morning. First, and perhaps most i…
All About The Vaccine (Today) image

All About The Vaccine (Today)

By: David Moenning

The State of the Market When I began writing back my oftentimes meandering morning market missive (back in 1998), the original purpose was to identify the primary driving forces of the stock market on a daily basis. The thinking was if I knew what was driving the …