I hope you had a safe and enjoyable Independence Day long weekend! While Mother Nature certainly did not cooperate in New England, it is still always great to celebrate America’s birthday and all she has stood for. Lots of interesting stats to post so let’s jump right in. The other day I wrote about the euphoric IPO market and some things investors should consider before jumping in. Today, I want to discuss a bunch of really cool stats about July […]
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June, Q2 and the first half of 2021 are in the books. Boy, as slow as 2020 went, 2021 is racing along. And this is with the markets really cooperating. I wish everything would slow down. I have so much to cover, but not enough time today so I am just going to offer some timely comments about the new offering market. FYI, I did a fun and educational interview on TD Ameritrade Network yesterday on this very topic along […]
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It’s the last day of the month, quarter and first half of the year. Certainly, do not be surprised to see some portfolio games being played although the markets have been super quiet this month. A week ago I wrote about the strong trend for small caps to outperform large caps through today. As you can see below which is a line of the S&P 500 divided by the Russell 2000, that trend has not played out this year. It […]
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The stock market begins the last week of June with the bulls mildly in control. Don’t forget we have end of month and quarter this week along with many people beginning vacations. I won’t be among them although I do wish them a safe and enjoyable vacation. It has been a fun Q2 and great start to 2021 as the halfway mark approaches. As I have written for a while, I do not sense that the stock market is about […]
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It has been a good week for the bulls! After four straight days of red ending last week, the bulls stepped up exactly when they should have. While I would have preferred a weaker opening on Monday the market doesn’t always cooperate perfectly. But this time, it was fairly easy to forecast higher prices, especially when Jim Cramer was imploring and begging people not to buy for another week, meaning today, after a big up week. Today, I am a […]
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The four straight days of decline where Jim Cramer implored people not to buy on day four have quietly passed. Don’t get me wrong. I am not saying the stock market can’t pull back here, but after four straight days of weakness in a bull market, the odds heavily favor at least a bounce. We got that bounce. That’s why Cramer is paid to be a commentator and entertainer and not a money manager. It’s not a knock. It’s just […]
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The stock market has now closed lower for four straight days and three consecutive post-Fed meeting. The pullback has been healthy and relatively modest, so far. On Friday we saw one of the big, quarterly options and futures expirations which usually see prices rally into the day and selloff post. That didn’t happen. Many people are focused on the negative seasonal trend post-June expiration. However, most people are lazy and do not dig beneath the surface. I am not saying […]
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I lost track of how many times in 32 years I have said, “it’s not what the news is, but how markets react”. On Wednesday the Federal Reserve concluded their two-day meeting. As I wrote about, the Fed did nothing and said nothing. Everything was as expected. That led to an initial reaction that Powell & Company were more hawkish, meaning more skewed towards tightening policy. Stocks sold off. Bonds sold off. Gold sold off. The dollar rallied. One day […]
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The Federal Reserve concludes its two-day meeting today. The stock market model is for plus or minus 0.50% until 2pm and then a rally. There are several historical trends which point to higher prices today based on stocks not being at new highs as well as market action so far this week that was not strong. If stocks rally today, especially after the 2pm announcement and Powell’s tea and crumpets with the press, there may a trend calling for mildly […]
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Greetings from 38,000 feet as my JetBlue flight to Florida bumps along down the east coast. The markets begin the new week on continued solid footing over the intermediate-term. All market foundations appear to be solid which indicate that there should not be any major changes in trend. However, that doesn’t preclude any market, especially stocks, from seeing modest to moderate weakness over the short-term. Right now, the vast majority of stocks on the NYSE are above their long-term and […]
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