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...
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...
Stocks didn’t exactly end the week on a high note. But, the gains logged on Monday were enough to set up what was a sixth consecutive winning week. The S&P 500 even notched a new record high, with more room to keep running. As unlikely as it should be from here, the current trend is bullish. Let’s assume it will...
Stocks didn’t exactly end the week on a high note. But, the gains logged on Monday were enough to set up what was a sixth consecutive winning week. The S&P 500 even notched a new record high, with more room to keep running. As unlikely as it should be from here, the current trend is bullish. Let’s assume it will...
The bulls made last week the fifth consecutive winner, picking up steam from the prior week’s anemic advance. As was noted in last week’s market outlook, although stocks are overdue for a correction, the path of least technical resistance remains upward. The optimistic spin on last week’s inflation data helped. Ride this bullish train until it’s clear you can’t anymore....
The bulls made last week the fifth consecutive winner, picking up steam from the prior week’s anemic advance. As was noted in last week’s market outlook, although stocks are overdue for a correction, the path of least technical resistance remains upward. The optimistic spin on last week’s inflation data helped. Ride this bullish train until it’s clear you can’t anymore....
The market was all over the map last week, but when all was said and done, Friday’s encouraging jobs report led stocks to their fourth consecutive weekly win. The wins are getting weaker though. Perhaps traders recognize stocks are still a little too overbought thanks to a rally that’s really been underway since early 2022; there just haven’t been enough...
The market was all over the map last week, but when all was said and done, Friday’s encouraging jobs report led stocks to their fourth consecutive weekly win. The wins are getting weaker though. Perhaps traders recognize stocks are still a little too overbought thanks to a rally that’s really been underway since early 2022; there just haven’t been enough...
Similar to the previous week’s gains, last week’s advance wasn’t exactly a convincing show of bullishness. The S&P 500 only closed about 0.6% higher for the five-day stretch when all was said and done, struggling to hold onto Thursday’s intraday gain. Progress is still progress though, and beats the alternative no matter how modest it might be. It was enough...
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