Last week the stock indexes were stuck in a tight range, as the TLT and GLD rallied while the dollar fell (UUP).
Despite the apparent building fear in the markets, the VXX just consolidated.
Today, last week came undone. TLT, …
For the Economic Modern Family, Friday was not much more than a continuation of the consolidation that had been goin on since Tuesday.
There were some notable exceptions like IYT which had a strong day on Friday, closed of the …
Our Economic Modern Family’s, Grandma, Retail (XRT) reclaimed the 50-DMA yesterday and gained today as well confirming a recovery phase. This was a welcome change and many beat up stocks in the sector gained. Meanwhile, Grandpa (IWM) who has not …
She’s back!
Our Economic Modern Family’s, Grandma, Retail (XRT) reclaimed the 50-DMA today. Plus, she was the second biggest percent gainer in our sector summary table today. If you’d like to learn more about the Grandma and the Economic Modern …
The market got a little spooked today.
Congress is back in session.
Cause and effect?
Maybe, because pretty soon hopes of what might be accomplished in by Washington will be met with reality.
However, here’s what I’m focussed on.
Bonds …
I spent the week writing here about the transition from a market where the bulls moved from being on brink of despair, clinging to their major moving averages, to now hitting all-time highs.
Furthermore, the market dismissed the North Korean …
All but one of the 14 major market sectors was up today.
More importantly… The top 3 sectors in our summary table (sorted by 6 month change) were 3 of the 4 biggest movers. This is good news for the …
Today’s gap lower was a big test of the strength of the bull market.
It appears to be obvious that the bulls passed the test by staging a very impressive rally from under many key support levels to closing well …
This week the cover of Barron’s had as one of its headlines “Time To Dump Stocks?”
This should not be ignored.
Having been an avid Barron’s reader for 3 decades, I would describe such headlines as…
…not usually very timely,…
The Trump news de jour was the likelihood of a debt ceiling vote NOT happening before the deadline, and the media loves to portray this as a time bomb for the markets. I don’t believe it, and neither did the …
Mish in the Media
View Mish's Media Highlights
New to Mish's Daily?
Discover Mish's Economic Modern Family
Mish's Articles
View Mish's article archive
