Published April 5, 2019
Markets have very quickly put behind them the whole inverted yield curve fear. It lasted all of a couple of days. The cold water was poured on that fear when Chinese manufacturing posted a surprisingly high reading, reversing months of declines. (more…)
Published March 29, 2019
After a Fall 2018 stock market slide and early 2019 rebound, investors are trying to determine what happens next. Weakening global growth along with the uncertainty around Brexit and trade tariffs have been sources of market concern. In the midst of those uncertainties, the money policy of the Federal Reserve has done a complete about-face in a handful of months, shifting from raising rates to potentially reducing them. (more…)
Published March 22, 2019
Below, we reprint a nice summary of the current market from Delta Investment:
When it comes to investing your money in the stock market, it may seem like there is a lot to worry about. The big worry is that you will lose your money. This big worry is nourished and amplified by a steady stream of disturbing information broadcast in headline media. (more…)
Published March 15, 2019
This week the stock market appears to have passed the first test of the strong rebound. The chart below tracks the market over the past two years from the hefty uptrend of 2017 through the turbulence of 2018. (more…)
Published March 8, 2019
After a 10-week rebound since the Christmas Eve bust, stock bulls have paused to take a break. They’ve done so right at 2800 on the S&P 500 and, coincidentally(?), just after recovering that December swoon (and hardly a penny more). In other words, the fear that gripped markets in December proved unfounded in January/February. We are now back to considering the first market drop in October that kick-started an ugly period for stocks and many calls of a new bear market. Will stocks recover the October decline as well? (more…)
Published March 1, 2019
Article after article discusses this “best start” for the stock market in umpteen years. Most of those pieces make little or no mention of the “worst ever” December that preceded the “best start”. (more…)
Published February 22, 2019
A recent report from financial data provider Factset offers interesting information regarding corporate earnings. Below are snapshots from that report along with our comments. (more…)
Published February 15, 2019
Investors often forget that markets are finite in their resources available, and investors must choose where to place their money. Sometimes the money flows into stocks, sometimes into bonds, etc. It’s simple supply and demand. We noted recently how much money was flowing INTO bonds despite a strong stock market rebound. (more…)
Published February 8, 2019
Our FPResearch website publishes a couple of composite Broad Market Indicators. These composites include some 20 component indicators to provide a pictorial view of market health. While the short to intermediate term indicators have recovered and look strong, the substantial damage caused to the market in the October-December selloff is reflected in the more cautious long-term reading. (more…)
Published February 1, 2019
The dark days of December are so last year, aren’t they? A crisis of liquidity engulfed the riskier parts of the bond market leading prices to plunge. That all is forgotten now. (more…)
