Published January 13, 2023
Stocks have been moving higher. What began in Europe, spread to China, and is now beginning to show up elsewhere. Here are some charts displaying the shift in market tone in these areas. First up, a clear uptrend has formed over the past 3+ months in Europe. Fears of a natural gas shortage during the winter simply did not materialize. (more…)
Published September 9, 2022
As stocks continue wrestling with many competing narratives, here is Delta’s summary of where things stand.
“The re-re-re-adjustment of interest rate expectations higher following Fed Chairman Powell’s Jackson Hole speech two weeks ago triggered a significant selloff in stocks. Then the news deteriorated further. (more…)
Published October 30, 2020
Stock markets this week gave up their October rally effort, sinking back to roughly where they began the month. The lack of a government stimulus package took away some of the wind in the market’s sails. European economic restrictions, seeking to limit a resurgence of the coronavirus, took away the rest of that wind. Investors chose to reduce risk. (more…)
Published November 29, 2019
We have recently seen positive movement in several new areas of the stock market. See below the note from U.S. Global Investors on the possible bottoming in Europe. Following that, we have a couple of charts showing new breakouts in the U.S. market. The stock market continues to show signs it will embrace its seasonally strong holiday period.
(more…)
Published November 17, 2017
We thought the outlook below from Delta Investments provided a good overview of the factors supporting the stock market. Enjoy!
Our 2018 S&P 500 Index outlook is up. If the P/E remains constant as it has for the past two years, the S&P 500 should be up in-line with earnings or about 11%.
The following ten factors support our 2018 bullish investment thesis: (more…)
Published September 8, 2017
The article below, excerpted from Charles Schwab, displays just how strong global equities have been this year.
Chart 1 below is a table of global stock market returns by month using the MSCI All-Cap World Index (ACWI). August came close to breaking the uninterrupted streak of monthly gains for global stocks. This year has seen the only time the index ever (since its inception 30 years ago) posted a gain in every one of the first eight months of the year, as you can see in the heat map of monthly returns below. (more…)