It was a difficult week for equities despite a rally on Friday. All the major indexes pulled back at least 1%. The small caps continued their individual trend by once again underperforming large cap stocks by a significant margin. During the week the media used and reused the same metaphor…
I’m not a huge baseball fan – I live in Chicago and root for the Cubs so I’m used to disappointment. But this week is the final home game for Derek Jeter and even I will pay attention. With all the garbage being spewed out of the NFL in the…
There is an undercurrent of market analysis by the financial media which echoes the famous refrain of Alfred E. Neman – “What? Me worry?” The attitudes towards the market are like Midwest either. If you don’t like it wait a few hours, days, or weeks. Technical Analysts were calling…
At the risk of sounding like my dad 40 years ago, I have to say I am not a huge fan of much of the music today, although I do like some of it. I listen to what is popular today with my kids mostly in the car. I noticed…
Domestic markets finally sold off after five consecutive weeks of gains. Analysts pointed to better than expected retail sales combined with the highest consumer sentiment numbers in a year. Good news is once again bad news. Investors believe a strengthening economy will fill the Fed to accelerate raising interest rates. …
I remember as most people probably do where I was when 9/11 happened. I was getting ready for work when my sister in law called and told me to go watch TV. I turned it on and pretty much did not leave the couch for the rest of the day…
Domestic markets continue to ignore concerns outside of the United States. The S&P 500 (SPX) closed Friday at a record high. Three of the previous days saw new intraday highs for the SPX . The Dow Jones Industrials were up 0.23% , it’s second highest close of all time. Mario…
Opening weekend. Every year millions of football fans look forward to this weekend. Right now every team is undefeated and holding up high hopes for the season. Maybe some higher than others. Either way it ushers in a long standing tradition of Sunday afternoons with friends and food. So if…
Strong earnings and robust economic reports trumped international uncertainty. The lack of fear propelled the S&P 500 to new new all-time intraday and closing highs this week. The SPX closed above 2,000 for the first time. New all-time closing highs were reached 4 of the 5 trading days. Technical analysts…
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