State of the Markets

Stocks Catching Cold Or Something Worse?

By: David Moenning

You knew it was coming. No, not the Coronavirus. Rather an excuse du jour to create some selling. After an impressive joyride to the upside, which saw the S&P 500 surge +15.3% from the close of October 2, 2019 and the high seen on January 17, 2020, the stock market had become overboug…

What Do The Cycles Say About 2020?

By: David Moenning

Good Tuesday morning and welcome back. Last week, I took a just-for-fun stab at modeling expectations for what calendar year 2020 might look like in the U.S. stock market. And since stocks seem to only go up these days, the question of the day isn't whether or not the S&P 500 will adv…

Modeling 2020 Expectations (Just For Fun)

By: David Moenning

Happy Monday and welcome back to the land of blinking screens. I don't know about you, but I've become intrigued lately with all the projections/prognostications that analysts feel compelled to provide at the beginning of each year. So, just for fun, I thought I'd join in the game this ye…

Time to Take a Break

By: David Moenning

Good morning and welcome to the first real trading week of 2020. It is my sincere hope that everyone enjoyed their holiday break that spanned the majority of the past two weeks (isn't it great when Christmas and New Year's fall mid-week!). But with the calendar having flipped to January, …

A Remarkable Year

By: David Moenning

In light of the fact that the vast majority of Wall Street is on vacation this week, I'm going to dispense with my oftentimes meandering market missive and let the indicators and models do most of the talking. However, I would like to share one thought before I move on to finishin…

Impressive Indeed. But...

By: David Moenning

As the clock winds down on what little time remains on the 2019 calendar, I think we can all agree that both the year and the recent joyride to new highs have been impressive. Frankly, I don't know of anyone who called for stocks to rally 30% at this time last year or for the indi…

The Gifts Keep Coming

By: David Moenning

The gifts addressed to investors just keep coming as it appears Ms. Market is in the holiday spirit earlier than normal this year. Call it the Santa Claus rally, the year-end rally, the sigh-of-relief rally, or just about anything you'd like, but the bottom line is the major market indice…

Looking at The Big Picture: Earnings and Valuations

By: David Moenning

Don't look now fans, but the number of trading days left in calendar year 2019 are dwindling fast and the holiday season is right around the corner. How the heck did that happen? It's the time of year when we are supposed to be stepping back from the blinking screens and focusing …

Is it Time to Worry or Look Ahead?

By: David Moenning

Happy Monday and welcome to the final month of 2019, where the bulls will be hoping to avoid a repeat of last year's epic December collapse and the bears are looking to capitalize on an overbought condition. From a short-term perspective, it looks as if the much-anticipated pullba…

Can The Bulls Keep On Keepin' On?

By: David Moenning

I awoke to learn that there is yet another early-season snowstorm barreling its way toward Denver this afternoon. There is talk of a foot of snow, blizzard conditions and road closures into Tuesday afternoon. As such, our plans to "take Thanksgiving on the road" to be with our daughter, s…