State of the Markets
Have The Fundamentals Changed?
By: David Moenning
Although there are lots of folks wringing their hands over last week's dance to the downside in both stock and bond prices, the key question from a macro standpoint is, has anything changed?
Cutting to the chase, I'm going to say, maybe.
Before I get into the details, let'…
Welcome to Wait-and-See Mode
By: David Moenning
After Tuesday's dance to the downside, it is easy to fall into a trap by thinking that the next trading day will become a "tell" for what will happen next. Although "confirmation" of a move is indeed a thing in technical analysis, it is important to remember that confirmation can take day…
Five Reasons And, What's Next?
By: David Moenning
I've long believed that when stocks make a large move in either direction, there is usually a reason. A trigger. Or a driver to the action. And identifying the reasons behind the move has long been an obsession of mine. In other words, if the market makes a big move, I've got to know why.…
Is It Time?
By: David Moenning
Don't you just love this game? Just about the time that everyone on the planet realizes that stocks are on a roll and will likely continue movin' on up because of, well, you know the drill... something usually comes crawling out of the woodwork to put the brakes on the move. At least for …
FOMO Has Taken Over - For Good Reason?
As we enter the final week of what is turning out to be the best January since 1989, the macro drivers of the market remain the same. Cutting to the chase, investors continue to look forward to better days ahead on both the economic and earnings fronts.
In market terms, this is ca…
Falling Dollar? Trade War? No Worries!
Under the category of Fun Facts to Know and Tell, it interesting to note that the S&P 500 has enjoyed a record number of record closes so far in 2018. Yep, that's right; there has never been as many fresh all-time highs as we've seen in the first 15 trading days of the new calendar ye…
How Much Is Enough?
By: David Moenning
One of the primary objectives of my oftentimes meandering morning market missive is to stay on top of what is driving the market action. So, one of my New Year's resolutions is to commit at least one post a week to either the short-, intermediate-, or long-term drivers. So, this morning, …
An Early Warning Flag
By: David Moenning
Coming into Monday morning, the S&P 500 was enjoying the best start to a calendar year since... wait for it... 1987. As of Monday's close, the S&P has gained... wait for it... 6% year-to-date. And according to Bespoke Investment Group, the S&P 500 is within... wait for it... 2…
No Time To Be A Hero
By: David Moenning
The "State of the Markets"
To review, my first report of each week is intended to take a big-picture, macro view of the overall market environment. The idea is to start the week with what we hope will be a solid understanding of what "is" happening in the market (as opposed to w…
The New Market Narrative: Dilly Dilly!
By: David Moenning
Bearish reversal? What bearish reversal? It turns out that Wednesday's market narrative made a mockery of Tuesday's hand wringing relating to a potential government shut down and the end of QE as we know it. So, cue the reversal of the reversal, or the dip buying, or whatever you'd like t…