The Corona virus continues to spread, and equity markets tanked globally. US equity markets were down -11% on average and there was not one foreign stock market positive for the week. This is one of the worst weekly selloffs ever, …
The Corona virus continues to run amuck and is creating havoc on human lives and the markets. So rather than focus on opinions about whether or not it will become a worldwide pandemic, let’s look at the immediate impact. First …
US stocks seem to like the bickering from democratic presidential contenders and the lingering threat of the Coronavirus, as three out of four US equity benchmarks hit new all-time highs.
Small caps and value stocks continue to lag.
As I …
The Senate acquitted President Trump this week ending the impeachment saga and China reduced tariffs on $75 billion dollars of US exports. Equity markets loved it, closing up over +3% on decent volume.
The overall picture for equities is still …
US equities tanked, and as we highlighted last week the spreading virus was simply the tipping point for an insanely overvalued and overbought market. Three out of four equity benchmarks are down for the year. Apple looks like it ran …
The outbreak of a nasty virus that started in China has spread from animals to humans and now the financial markets. Equities actually sold off, hitting Mainland China, Hong Kong and Taiwan the hardest. Not surprising, since those markets have …
US Equities made mincemeat (for those vegans’ please substitute meat with a BYND burger) of the bears as last Friday’s bearish engulfing pattern failed with equities again roaring to new highs.
All key U.S. equity indexes are now up on …
US Equity markets rejected a gap to new highs and closed on Friday with a bearish engulfing pattern. Engulfing patterns are notoriously unreliable except when they are not. This is similar in concept to the October seasonal where several devastating …
The new decade started on a tear with U.S. equities (led by the NASDAQ 100) making all-time highs yet again, but it backed off by Friday’s close.
The retracement was in response to news of President Trump ordering the killing …
The Dow, the SPY, and the QQQ all hit new all-time highs up another +.75% on average and look frothy.
Emerging markets and precious metals broke out of classic chart patterns to the upside and look poised for more.
The …