The S&P 500 put in a new record closing high on Monday, 6/19/17. So, are we “Up, Up and Away” from here? Maybe . . . but maybe not. Interestingly, the NASDAQ did not follow. Historically, the NASDAQ often leads the overall market and right now, it is looking a...
Do you remember the children’s game “Simon Says?” In the game, participants must follow the leader’s instructions only if prefaced by “Simon Says.” For example, if they say, “Simon says jump,” then everyone who jumps stays in the game. If the leader says, “raise...
The phrase “And the Band Played On” is a reference to a 1980’s film of that title that documented the growing AID’s epidemic and the reluctance of global governments to acknowledge it or to take any action. It seems apropos to the current market conditions. Despite...
Regardless of individual views on global warming, the fact that global markets gave a warm reception to President Trumps announcement on America pulling out of the Paris agreements is indisputable. I am careful to not make this newsletter a commentary on political...
Is the market “tone deaf” and just not hearing warning signs and continuing to put in new highs when the participants should be being more cautious? Or, is it “right on pitch” and listening to the correct inputs? You can make a case either way. I focus on trading...
I spelled low “Lowe” since Lowe’s is reporting earnings this week and that is likely to be a bit of a bellwether for market sentiment. Earnings season is winding down and Lowe’s is one of the biggest, most important companies left to report. They will release...
