$SPY, $SPX, $DIA, $RUTX, $QQQ, $VXX S&P 500 finishes above 3000 Things Bulls dread this earnings season is that it become the scene of a big downward cut in next year’s estimates. It happened last year, helping foment the worst fourth quarter of the bull market. It is very early, but it is happening now. […]
$SPY, $SPX FLASH: The S&P 500 is on track for its best YTD return in more than 20 years, the catalyst: cheap money ahead. The broad-market benchmark is up 20.7% YTD, which would represent the richest year-to-date return for the S&P 500 SPX through July 26 since Y 1997, when it gained 26.74%, according to Dow […]
$DIA, $SPY, $QQQ, $RUTX, $VXX FLASH: US Q-2 GDP higher than estimates on strong consumer spending as the ‘Tight’ Fed, China trade dispute lowed growth Friday, economist Stephen Moore said he is “relieved” that the economy is at 2.1% growth, but said the numbers are not where they should be because of several factors, including […]
$JPM, $MS, $GS, $BAC, $MSFT, $NFLX FLASH: Traders will focus on the start to Q-2 earnings season this week. Big banks including JP Morgan Chase (NYSE:JPM), Goldman Sachs (NYSE:GS), Morgan Stanley (NYSE:MS) and Bank of America (NYSE:BAC), along with Netflix (NASDAQ:NFLX) and Microsoft (NASDAQ:MSFT) report Quarterly results this week, setting the tone for the rest […]
Unprecedented Trump Stock Market Rally Signals Confidence & Optimism $SPY, $BA Friday, the US major stock market indexes finished a run of 7 straight session highs and the S&P 500 was up for the 4th week running in the unprecedented post-Presidential election US stock market rally. The latest stock market highs show a “great level of […]
Big Investors Back Off Bonds Fueling This Bull Market $SPY US voters’ decision to elect Donald Trump US President may extend the life of this 7-year Bull Market in US stocks. That is the consensus of prominent investors attending this week’s Reuters Global Investment Outlook Summit. Expectations that Donald Trump will successfully engineer massive new […]
The Leadership is Bouncing Around, Uncertainty Abounds $SPY, $JPM, $C At 1st glance, the US stock market in Y 2016 is nothing like it was last year, when Winners kept winning and gainers were concentrated in a handful of leadership stocks. But, now the leadership keeps bouncing around. Since January, the S&P 500 Index’s strongest […]
Wall Street Review, Stocks and Bonds Dive $DIA, $SPY, $QQQ The S&P 500 spent the 1st 4 days of the week ranged in quiet trade, but Friday’s Wall Street sell off pressured the index below its 50-Day MA at 2164.0 for the 1st time since early July. The benchmark index lost 2.4% for the week, […]
Chinese See Risk In US Stocks, Selling Off $DIA, $SPY, $QQQ, $VXX For the past year, Chinese selling of US Treasuries has irritated investors and served as a gauge of the health of the world’s 2nd-largest economy. The People’s Bank of China (PBOC), owner of the world’s biggest forex reserves, burnt through 20% of its […]
US Q-1 Earnings 98% in, Not Really Very Good $DIA, $SPY, $QQQ, $VXX As of Wednesday, Q-1 earnings reports are 98% complete with 495 of the 500 companies in the S&P 500 reported. Headlines were generally positive with 72% of companies beating expectations, about average. But, nothing else about the earnings season looks to be […]
The Week Ahead on Wall Street $DIS Earnings season is slowing down as just 22 members of the S&P 500 are scheduled to report to Wall Street this week. The only DJIA component on the list this week is Walt Disney Co. (NYSE:DIS), which will report Tuesday. The economic reports of note The week’s […]
Mark J. Lundeen on “The Relationship Between the Stock and Precious Metals Markets” $DIA, $SPY, $GLD, $SLV I intended taking a few weeks off from stock and metals markets’s vigilance. However as the DJIA closed the week up only 1.69%, just 300 pts from making a new all-time high, I was motivated to make a […]
Tuesday’s Technical Outlook for the DJIA (.DJI) Monday, all major US stock market indexes finished in the Green, with the DJIA + 106 points to end at 18,004.16, !st time above the Key 18,000 mark since July 2015. The NAS Comp advanced 0.44% to close at 4,960.02, and the S&P + 13 points to finish […]
Monetary Policy Has Done All It Can, More Fed QE Coming Monetary policy has done everything it can unless the Fed put additional QE into the US economic system . The Fed is not helping much in the sense that ultimately determines whether or not the nation getting an effect from the QE’s beyond increasing […]
