Published February 6, 2026
The largest companies in the stock market issued earnings reports this week. Some member of the Magnificent 7 components saw investors heading for the exits after seemingly strong earnings and revenue gains. What gives? (more…)
Published May 9, 2025
As expected, the furious recovery in stock prices has stalled, for now, at the clear point of resistance shown below. We spoke of this resistance coming into play a couple of weeks ago as well. Bulls have been able to push past the 550-560 level. The question is whether the bulls have enough thrust to push stocks back above the 5700 level for the S&P 500 (570 on the chart), which is where the widely-followed 200-day/40-week moving average sits. (more…)
Published September 2, 2022
Since Fed Chair Powell’s comments a week ago markets have been off-kilter. The notion of a Fed shift to lowering interest rates in the first half of next year has been squashed, replaced by expectations that rates will remain flat at an elevated level for most of 2023. The bearish narrative is that come October corporate earnings reports will deal further evidence of a notable slowdown in the U.S. economy. Slowing economic growth combined with stubborn interest rate policy makes for an unhappy stock market. The bullish case points to very solid employment numbers and generally good consumer financial health with expectations that any recession will be brief and shallow. (more…)