The market had the worst day in months Monday on news that Chinese real estate giant Evergrande may default on $300 billion in debt. There is fear that such an event could cause contagion and ripple through the financial markets.
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So far, the post-Labor Day market has been just a little bit crummy. Stocks have drifted slightly lower over the past week. While that’s nothing alarming, it is a reversal of the summer market where stocks were drifting slightly higher. It could be the...
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It’s still an amazing market. The S&P is up 96% from the bear market low in March of 2020. The index is also up over 20% so far this year.
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Although it went by way too fast, it’s been a glorious summer in the market. The S&P 500 is up 8% since Memorial Day. And the index is now up over 20% so far in 2021.
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The summer malaise is in full swing. The market is doing pretty much exactly what it was doing when investors went on vacation and stopped paying attention.
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The S&P 500 and the Nasdaq just made new all-time highs. Strong earnings and a booming economy are outweighing concerns about the delta variant, the Chinese slowdown, inflation and a Fed tapering of bond purchases.
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It’s a confusing market. The indexes have rallied over 100% since the bottom in March of 2020. And fears abound over the new virus strain and inflation. It seems like a perfect storm for a slap in the face after Labor Day.
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The earnings extravaganza is in full swing. It’s the peak of the season that marks the peak earnings growth of this extraordinary recovery. And the market is sort of yawning it off. Part of the issue is summer malaise. People just tend to more...
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A crazy earnings season meets a sideways market. Investors have been looking for a narrative that gains traction. Maybe earnings will provide it.
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The sideways market finally got some action. It went the wrong way. But it showed signs of life nonetheless.
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The bears sure enjoyed a rare day in the sun on Monday. The Dow had its worst day of the year, down more than 3%. Pessimists haven’t loved life like that since March of 2020.
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Remember income? It used to be so easy. But good yields from traditional investments have gone the way of the eight-track tape.
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There is a Fed meeting today. The ultimate oracle of wisdom will bestow their current thinking upon anxious traders.
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The second quarter ends today. GDP growth is forecasted to be 8.6% for the quarter, one of the best on record. Earnings for the S&P 500 is expected to grow over 60% over last year’s second quarter.
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The market is hovering at a high level within bad breath distance of the all-time high. But that factoid is deceiving. The market really has not gone anywhere but sideways for about two months.
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The sideways market finally got some action. It went the wrong way. But it showed signs of life nonetheless.
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Sideways is a good thing. The market had a huge recovery from the pandemic and really soared between November and May. After such a rapid move higher in a short amount of time, a correction would be normal.
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It’s hard to get away from the current headlines. It’s all about the pandemic and recovery. Lately, they’re throwing in some inflation talk to spice things up.
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The market continues to stumble sideways. On the one hand, the S&P 500 is within a whisker of the all-time high. On the other hand, stocks have been going sideways for about a month.
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The market is in nowheresville. The S&P 500 is at the same level it was in early April. But the index isn’t really down. It’s only 1% below the all-time high. It’s not that the market is going down. It just stopped going up.
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