Picking up where they left off a week earlier, the bulls logged another gain during the holiday-shortened week. All told, the S&P 500 gained another 1.0% last week, tiptoeing into record-high territory as a result. The momentum is obviously bullish. It’s bullish with a big asterisk, however. That is, the gains suspiciously stopped at an established technical ceiling. And that...
Stocks may have stumbled a couple weeks back, cooling off from their post-election rally. But, the selling remained in check last week. The market pushed up and off key technical support, in fact, rekindling the bigger-picture rally that’s actually been underway since late-2022. The indices are back within sight of record highs, and still moving toward them. And there’s room...
Stocks may have stumbled a couple weeks back, cooling off from their post-election rally. But, the selling remained in check last week. The market pushed up and off key technical support, in fact, rekindling the bigger-picture rally that’s actually been underway since late-2022. The indices are back within sight of record highs, and still moving toward them. And there’s room...
A week ago we expressed concern that the market had rallied too far, too fast following the election of pro-business Donald Trump. Never even mind the fact that the S&P 500 also bumped into long-established straight-line resistance. Sure enough, the bears pushed back. The S&P 500 fell 3.6% last week, while the NASDAQ Composite lost 3.1% of its value. And...
A week ago we expressed concern that the market had rallied too far, too fast following the election of pro-business Donald Trump. Never even mind the fact that the S&P 500 also bumped into long-established straight-line resistance. Sure enough, the bears pushed back. The S&P 500 fell 3.6% last week, while the NASDAQ Composite lost 3.1% of its value. And...
A week ago the market was toying with a correction. Now the bulls can’t be stopped. Fueled by fresh certainty on the politics front, the S&P 500 rallied a little more than 4.6%, reaching a record high in the process. Will it last? Hard to say. One thing is for sure though. That is, the jump was a little too...
A week ago the market was toying with a correction. Now the bulls can’t be stopped. Fueled by fresh certainty on the politics front, the S&P 500 rallied a little more than 4.6%, reaching a record high in the process. Will it last? Hard to say. One thing is for sure though. That is, the jump was a little too...
We knew a week ago that stocks were playing with fire. Last week, they got burned. The S&P 500 took another — and bigger – tumble, while the NASDAQ Composite took its first weekly loss since early September. And yet, it’s not like the market is in a freefall. It’s close, but there’s a still a way to sidestep a...
We knew a week ago that stocks were playing with fire. Last week, they got burned. The S&P 500 took another — and bigger – tumble, while the NASDAQ Composite took its first weekly loss since early September. And yet, it’s not like the market is in a freefall. It’s close, but there’s a still a way to sidestep a...
Not a lot of news dropped last week, but what we did get was important… particularly for the real estate sector. Sales of existing homes fell to a multi-year low pace of 3.84 million, and sales of new-homes ticked up to a pace of 738,000. While that’s an improvement, it’s an improvement from a relatively weak number. It’s also an...
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