The good news is that October 2022 just registered the best monthly returns for the DJIA since 1976. The DJIA returned +13.95% for October 2022, besting both the SP500 (+8%... read more →
Today is Halloween, and so far it’s been a very spooky year for investors. Inflation, rate hikes, geopolitical conflict and recession fears have all been stirred up in a witches’... read more →
The market has done a reasonably good job this week shaking off some big, large cap tech earnings misses. Weak ad trends at GOOG and MSFT and then last night’s... read more →
Inter-market relationships have been much more important for stocks than in past years. I have been highlighting in meetings, and most recently in the quarterly investment call, that the US... read more →
Despite overwhelmingly bearish investor sentiment (or perhaps because of it), the S&P 500 index managed to rally 4.75% last week (and tacked on another 1.19% yesterday). What is perhaps even... read more →
Roughly 20% of companies in the S&P 500 index have reported Q3 results as of this morning. So far, the financial sector has taken center stage, with all the big... read more →
While the Fed continues to maintain its focus squarely on slowing inflation and employment, in the meantime it’s the housing market bearing the brunt of their demand destruction campaign. This... read more →
Lots of bank earnings the past few days. I don’t see many surprises so far in what has been released: M&A activity down A LOT because the Fed is in hiking... read more →
When positioning is historically bearish you get reversal days like we saw yesterday. Intraday, the S&P 500 moved from a low of 3491 to a high of 3685 which is... read more →
Last Friday’s strong payroll report noted a robust and healthy labor market – which is the last thing the market wants to hear. The market wants to hear weakness and... read more →