Stocks
Weekly Market Outlook – The Lack of a Clear Catalyst Only Makes It More Difficult to Read
Most traders had to acknowledge something like this could have happened sooner or later. But, it’s unlikely anyone saw it coming quite like this. The “this,” of course, is Friday’s 2.65% tumble from the S&P 500, although truth be told, the meltdown actually started taking shape on Wednesday. Friday’s close was 3.1% below Tuesday’s peak, marking one of the worst days and the worst weeks in a long while. The really weird part? There was no clear catalyst. Oh, sure – surprisingly strong payroll growth numbers pretty much block the Federal Reserve from lowering interest rates anywhere near as soon as some traders were expecting/hoping. That’s not exactly a complete shock though. That wasn’t going to happen anytime soon anyway. Rather, the way the pullback took shape seems a little bit calculated, as if traders were simply waiting for the ball to get rolling before jumping on the bearish bandwagon.… more
Weekly Market Outlook – The Bulls Are Running Out of Good Reasons, But Not Running Out of Gas
That makes the ninth consecutive winning week for the S&P 500, carrying the index deeper into record high territory. It still feels strained, forced, and artificial though, as if the bulls are simply trying to extend an already-over-extended rally by celebrating the potential end of the conflict in Iran… as if that conflict was a problem for the market. (It... more
Weekly Market Outlook – The Bulls. Just. Won’t. Go. Down.
Stocks ended up logging a win for the week, albeit a small one. Still, a small win is better than any loss. Nevertheless, there’s no denying the weight of the recent gains is a problem. The market is struggling to continue moving higher here. Not even hope for an end to the conflict in the Middle East is getting the... more
Weekly Market Outlook – The Rally Showed It’s Vulnerable. It Didn’t Say It Was Ready to End.
Despite the impressive midweek effort, nearly all the work the bulls were able to hammer out last week was unwound on Friday. All told, the S&P 500 only gained 0.1% for the five-day stretch, giving up most of what was at one point was nearly an 0.8% gain. It’s still too soon to say this is the beginning of a... more
Weekly Market Outlook – A FOMO Rally is Still a Rally... Until It Isn't
Against the odds (and despite the not-so-great start), the market mustered another win last week. That’s the sixth one in a row, with last week’s 2.3% gain from the S&P 500 re-accelerating the rally that began all the way back in early April. Oh, it’s gotten completely nuts. The six-week gain has carried stocks up to the tune of 17,... more
Weekly Market Outlook – A Perfect Setup for “Sell in May and Go Away”? That’s Half True.
Another week, another win. Despite the wobbly start, the bulls finally started getting some traction on Thursday to carry the S&P 500 up another nearly-1%. That’s the fifth consecutive winning week for stocks, although the last couple have been anemic, low-volume efforts. This may or may not be built to last. Indeed, we’re now headed into a very slow —... more
Price Headley's 2026 Kentucky Derby Picks
Happy Derby! It should be a sunny, cool day in Louisville for the greatest 2 minutes in sports on the first Saturday of May. Let’s start off with an updated table of past Derby winners below, with their speed ratings and final tune-up race. My analysis of past data indicates that horses with 2 consecutive strong 100+ speed ratings in preparatory races have a... more
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