FANGMA

Weekly Update

Overseas Stocks Are Rallying. Is the Bottom In?


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…)

Uncategorized

Doom and Gloom


Published June 17, 2022

 

Investors got what they thought they wanted this week when the Federal Reserve hiked interest rates by a full 0.75% and talked even tougher about fighting inflation. But a little post-rate hike relief rally gave way to yet another selloff the following day.

Investors have quickly shifted from worrying about inflation to fully embracing talk of a recession and downward revisions in corporate earnings. By many accounts, the recession is already here. It certainly felt gloomy and heavy in markets this week. (more…)

Weekly Update

And Again … the Stock Market Finds Buyers


Published September 3, 2021

The S&P 500 has spent ten straight months above its 50-day moving average, one of history’s longest stretches of calm. Ultra-low interest rates from an extremely cautious and accommodative Federal Reserve have supported risk-taking investors by keeping the cost of money near zero. Very strong corporate earnings have rewarded investors by expanding the ‘E’ in the P/E ratio, justifying the market’s run upward. (more…)

Weekly Update

Behind the Headlines, The Stock Market Is Weakening


Published July 16, 2021

The stock market is in the midst of a correction, a pullback in price. With broad market indexes hitting new highs, this assertion sounds clearly wrong. However, look under the surface of those indexes and most stocks are going nowhere, with a sizeable chunk of them declining. (more…)

Weekly Update

Markets Churn as Investors Look For What Comes Next


Published May 21, 2021

Taking a step back this week to consider the broad market and the substantial changes that have been going on under the surface.  At surface level, the broad market S&P 500 remains close to its all-time highs while our favored Nasdaq 100 index, heavy with tech and consumer stocks, has been choppy over the past four months.
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Weekly Update

Investors Nibble on Value Stocks


Published November 13, 2020

Markets this week delivered another burst of buying to the long-lagging value sectors of the market, notably the finance and energy sectors. The buying came on positive test results from a coronavirus vaccine. (more…)

Weekly Update

New Hurdles Emerge for Stocks


Published September 25, 2020

After a summer spent surging higher on economy re-openings and optimism for growth, stocks have entered a typical September slump. While we could just chalk it up to typical pre-election caution, there are fundamental factors that have emerged to challenge the market perhaps more seriously than usual. (more…)

Weekly Update

A Case for International Markets


Published August 28, 2020

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The article below from Delta Investment points to the gathering economic and market strength internationally. As noted before, a broader market is a stronger market. The more sectors and markets participate in the market’s rise, the better. For now, our favored Nasdaq index (QQQ) continues to lead the way, powered by the FANGMA trade. (more…)

Uncategorized, Weekly Update

The Stock Market Adds New Fuel to the Rally


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Published July 24, 2020

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We have mentioned recently the need for the stock market to expand its participation if the rally was to continue.  Over the past couple of weeks this appears to be happening.  See below a variety of sectors outside the usual FANGMA* tech/consumer complex that have been showing strength.  This rotation is what fuels longer-term stock market rallies.

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