Yesterday, November 7, the contentious U.S. Presidential election concluded with Joe Biden declared the victor by the Associated Press. Trump’s legal team is pressing on to disallow many mail in ballots across key battleground states to keep the presidency, but …
Equity Indexes retesting the September Low amid growing volatility just ahead of a potentially contentious presidential election next week. 89% of stocks traded below their 10 DMA average on Friday. The market is still looking for another major round of …
Three key US Equity stock indexes (SPY, QQQ, DIA) modestly sold off, -1.0% on average while longer term laggards Small and Mid -Caps (IWM and MDY) improved. Major sector rotation is occurring as we await the outcome of the US …
The key US Equity stock indexes (SPY, QQQ, IWM, DIA) all digested their recent gains and closed within +/- 1% of the prior weeks close. Big Market players are placing their bets on who they think will be the next …
Equity Markets worldwide rallied this week. In the US it was led by Small Caps (IWM/Grandpa Russell) which was up 6.42% for the week and over +9% for the last 30 days. Interestingly, Transports and the Retail sectors now have …
If you were thinking things could not get more bizarre (like myself) heading into the presidential election think again. Considering President Trump and several members of the Senate have been infected with the Virus, virtually all assumptions about everything and …
US equity markets mostly retreated, with the NASDAQ 100 bucking the sell off and closing +1.76% on the week. Meanwhile, Small Caps fell with Grandpa Russell (IWM) closing -4.48%, erasing much of the improvement over key US equity benchmarks. Globally …
US Equity Markets mostly retreated, led by the NASDAQ 100 which was down -1.32% for the week. The major theme is that rotation is occurring across all asset classes with new leadership appearing. Making up for lost ground, Small Caps …
Markets retreated yet again with the key US indexes trading down about -3% on average, led by the NASDAQ 100 and the Russell 2000. The rotation out of growth stocks into commodity plays continued this week as well as stronger …
Markets retreated this week correcting almost 10% after setting new all-time highs on an intraday basis in two US Equity (SPY, QQQ) benchmarks. China announced that it was reducing holdings of US Bonds due to an accelerating trade war. This …