“It is a tale told by an idiot, full of sound and fury, signifying nothing.” – William Shakespeare, MacbethIf you look at a chart like the one below, you might think that the week of...
The stock market marches on. We’re into earnings season, and the stock market always rallies during earnings season, even during recessions. It’s just the way it is.That’s not to say...
“Summertime, and the livin’ is easy.” – George Gershwin, Porgy and BessSo what you really need to understand about the stock market this summer can be conveniently summed up...
Nothing has changed with the domestic or global economy in recent weeks, and that is the key to the ability of equities to keep slugging out new highs. We are in a proverbial wall-of-worry climb that...
Last week was said to be about buying dips, or perhaps the resilient stock market shrugging off Trump troubles to focus on how great the economy really is. It wasn’t. Most of last week’s...
“A Change of Fortune hurts a wise Man no more than a Change of the Moon.” – Benjamin Franklin (ed.), Poor Richard’s Almanack
The story of the previous week (ending April 28th)...
The dizzy dancing way you feel. – Joni Mitchell, Both Sides Now
Previously I have opined that based on the options positions heading into Friday the 21st (April’s expiration date), the...
To-morrow every Fault is to be amended; but that To-morrow never comes.” – Benjamin Franklin (ed.), Poor Richard’s Almanack
Yes, the market did indeed turn in its first 1% down day...
“There are apparent disconnects between the positive assessment of economic prospects reflected in market valuations and forecasts for the real economy.” – OECD Interim Outlook,...
Blessed is he that expects nothing, for he shall never be disappointed..” – Benjamin Franklin (ed.), Poor Richard’s AlmanackSo. Here we are one week later, the market keeps steadily...