What a Pullback Looks Like
Stocks have gone essentially nowhere for a month. Bulls, like myself, view this as a healthy period of digestion or consolidation before the next leg of the rally begins. Bears argue that stocks have peaked and they are headed much lower. As I have mentioned for months and months, I don’t think the bull is over or close to that point. There have been too many strong indications of more upside that typically do not occur as a bear market […]
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Date: September 1, 2016
Beneath the Surface
Listening to the media, you would think that absolutely nothing has gone on in the stock market this month. While it’s true that the Dow, S&P 500 and NASDAQ 100 have gone nowhere, the other two major indices, S&P 400 and Russell 2000 have seen some gains. Nothing to write home about, but the bulls should take it! Additionally, and very quietly, high yield (junk) bonds, perhaps my favorite canary in the coal mine broke out again on Monday, further […]
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Date: August 30, 2016
Stay Long & Strong
Similar to August 2nd when coiled up stocks broke to the downside and wiped out more than two weeks of gains, the S&P 500 did essentially the same thing on Wednesday. While it was only a .50% decline, the media turned it into a big deal; it’s not. Could stocks weaken more? Yes. Should we be concerned? No. I won’t be surprised if this pullback is the largest since the BREXIT bottom, but keep in mind that we haven’t even […]
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Date: August 25, 2016
Will the Island Top Kill the Bull???
It’s been a little longer in between updates as I was traveling in Florida for a board meeting as well as seeing some clients and visiting relatives. My 98 year old grandmother says “hello”. I feel like I need a break from eating after so many fantastic meals not to mention great conversation all around. Also, there really hasn’t been much to say. I like when the markets are calm and quiet when I am on the road. Makes life […]
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Date: August 18, 2016
