State of the Markets
Parsing Mr. Powell's Words Suggests...
By: David Moenning
Make no mistake about it; this stock market continues to care about interest rates, inflation and what I refer to as "Fed Expectations." In short, yesterday's sudden drop of 300 Dow points confirmed this point. Well, to a certain degree, anyway.
In case you were napping, on an air…
Trying To Make Sense Of The Action
It is said that Ms. Market likes to do whatever she can to confound the masses that play at her game. So, just about the time that everybody on the planet (yes, including the fast money masters of the universe) was prepared for the "retest" and were busy placing odds as to how low stocks …
Indicator Review: Stay Seated on the Bull Train
By: David Moenning
Last week, I opined that there were two components to the recent stock market selloff; technical and fundamental. I suggested that the latter was tied to inflation, rates, and Fed expectations while the former had to do with computerized algorithmic trading and the blow-up of the short-vo…
Three Ways To Look At The Market Action
By: David Moenning
From my perch, there are three ways to look at Wednesday's action in the stock market.
On one hand, there is the technical take. Technicians will say that a "key reversal" occurred on the daily charts of the Dow and S&P 500 (but not so much on the NASDAQ, Russell or Mid-Cap in…
Making The "Call"
By: David Moenning
After the roller coaster rebound seen on Friday, February 9 and then the best week in more than 5 years for the S&P 500, I guess one of the easiest stock market calls was that it was probably time to "go the other way" for a while. And "go the other way" they did on Tuesday.
C…
Has The Storm Passed?
Although we can ever know for sure why Ms. Market does what she does, I believe last week's price action may have been telling.
Recall that I've opined a time or two lately that the vicious decline which unfolded from January 29 through February 9 was partly fundamental and partly…
No Surprises
By: David Moenning
The bears were probably more than a little disappointed with their performance yesterday. If you will recall, Dow futures had swung from a gain of +165 points just prior to the release of what was being billed as a potential blockbuster CPI report, to a loss of -340 points minutes after. …
Today, It's All About The Inflation Data
By: David Moenning
Well, if you were wondering if inflation and, in turn, interest rates were important to the stock market, this morning's initial market reaction to the CPI data cleared things up.
The Labor Department reported at 8:30 am eastern that the Consumer Price Index (aka CPI) rose by 0.5%…
What's Next? History Suggests...
By: David Moenning
One of my favorite jokes about Wall Street goes something like this: The first time something happens on Wall Street, it's called it a trend. If it happens twice in a row, it's a tradition. And if it happens three times in a row, well, it's darned near a commandment!
I guess it is…
The Biggest Change Seen Last Week Was...
By: David Moenning
I like to start each week by reviewing (a) my key market indicators and (b) the macro picture of the current market environment. As such, my Monday morning market missive is intended to cover both.
Let's start by taking a quick survey of the damage the stock market's decline has i…