The holiday-shortened week saw the markets continue to melt up with the Dow and S&P500 hitting record highs. For the week, the Dow added 0.7% closing at 28,645 while […]
Melt-Up Continues
Dow 30,000…
As the Dow ratcheted past 28,000 this week, predictions multiplied for the melt-up to continue and the Dow to break 30,000. The Dow added 1.2% to finish the week at 28,004 while the S&P climbed 0.9% ending at 3120. Nasdaq also continued to run as […]
Investors Go All In
Setting records…
As I had indicated in a recent comment, stocks ratcheted up on more liquidity from the Fed and hope that the trade deal is real this time around. The S&P added 1.5% on Friday to finish the week with a 1.7% […]
Stocks break their downtrend…
Stocks started out the week continuing their downtrend into Wednesday. Worries about the trade deal with China seemed to be escalating while Turkey was set to invade Syria leaving the U.S. friendly Kurd population at risk and impeachment talks continued […]
Contradictions…
October started off with a bang to the downside with the Dow dropping 3.1% in the first two days of the month. That was the worst start to a quarter since 2008. The Dow fell 832 points on Tuesday and Wednesday, spiking fears that the “big […]
Climbing a wall of worry …
One of the old adages on Wall Street is markets “climb a wall of worry”. Michael Harnett, chief investment officer of Bank of America outlined many of the concerns which should affect the markets in his “Miracle on Wall Street” note this past week.
Harnett outlines a laundry list of negative […]
Whipsawed markets….
The markets began the Holiday shortened week by plunging Tuesday on news of Italy’s political stand-off. The Dow dropped 1.6% for the day while the S&P500 and Nasdaq also joined in the carnage. Italy’s bonds sold off and yields spiked to 3% while the euro dropped relative to the dollar.
The equity indices recouped […]
