Published August 7, 2020
One of the favorite sources of news and discussion topics in the financial media is the economy and speculation about its future health. Everyone knows that economies, whether local, national or global, repeatedly go through boom and bust cycles. These business cycles affect all of us to some degree but many in the investment community pay particular attention to them because of a fundamental belief that as the economy goes so goes the stock market. (more…)
Published April 3, 2020
There are many stories already in this bear market. Below, we present a few that might be of interest. First, we take a look at our focus index, the Nasdaq 100 (QQQ). The line across the middle notes the price point ($195) where this index broke out back in November to begin a four month rally. That breakout ran fast and hard. We now trade below that breakout point. In fact, it served as a point of resistance (aka net selling) to halt the most recent rebound effort. (more…)
Published March 20, 2020
As we go to press here on Thursday, it’s been five full weeks since we had two consecutive positive days in the stock market. Over the past four weeks the S&P 500 has lost 1000 points (an almost -30% drop). That’s an astoundingly bearish run. (more…)
Published March 13, 2020
This week the stock market made it crystal clear that it is fully expecting a recession in the coming months. Markets have delivered the second fastest decline in history, second only to a drop during the Great Depression. (more…)