The weeklong tariff threats and (this morning) levies have caused a consistent wave of selling this week, which, as we write, has brought most major indexes down to (or a bit below) their 50-day moving averages.
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Tariff Grenade
In last week’s update, we wrote, “We are seeing some short-term things to keep an eye on … earnings season has [shown] plenty of poor reactions and few solid gaps higher … sentiment has turned complacent … upside momentum has been waning and...
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It’s shaping up to be a week of little change in the major indexes, but that doesn’t tell the tale—there was plenty of volatility all week (and even intraday) as earnings season and major news items (Fed, jobs, other economic data) hit the tape.
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It’s been a decent week for the market, with the S&P 500 and Nasdaq each up modestly
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Growth Stocks Perking Up
Back in our younger days when we were first learning the market’s inner workings, we viewed the stock market as relatively uniform, even on a short-term basis. Obviously, there were times when divergences popped up (usually near market tops), but the...
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From a top-down perspective, the market is still looking good, as both the intermediate- and longer-term trends are up and the vast majority of stocks (and leading stocks) are still in uptrends.
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It’s been another constructive week for the market, though that’s not necessarily due to the major indexes, which are barely up (0.25% or so) since last Friday’s close.
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The Perfect Isn’t the Enemy of the Good
One reason the market is such an interesting place is that there are always differing opinions even among the smartest and most thorough investors. The late Martin Zweig once said that, if you had 100 market it...
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The major indexes have had a solid week thus far, with most major indexes up 1.5% to 2.5% after this morning’s modest jobs report bounce.
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It’s been a mixed week for the market. On one hand, we like some of the support seen in the major indexes and some key leading stocks this week, especially given the numerous intraday dives that occurred.
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Short Term Remains Murky
Last week on this page we wrote that, while the longer-term outlook remained positive, we were starting to pick up on some cracks in the foundation—the broad market had stopped going up in late February and, despite a push to highs...
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It’s been a volatile week for the market, with some churning seen earlier in the week, a huge up day after the Fed’s dovish stance, and then today’s big wave of selling on economic fears and a newly-inverted yield curve (as of this morning).
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If you could draw up a reaction to the selling of the past couple of weeks, the past few days would have been it, with the market basically levitating higher all week, including this morning’s pop. As we write, the S&P 500 is 2.6%...
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Higher Prices Ahead
It’s mid-March in New England, which means we’re starting to see signs of spring—birds are flocking back, the gang of wild turkeys in our town are flirting and gobbling, the days are getting longer in a hurry and work boats are moving...
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After a couple of months of strong action, the long-awaited market pullback has gotten underway, and not surprisingly it’s been a bit of a doozy.
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It’s been another relatively quiet week for the major indexes—entering today, the S&P 500 was down 0.3% while the Nasdaq was flat, though of course this morning’s pop is helping the cause.
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The market has generally taken a bit of a breather, with the major indexes relatively flat for the week as of this morning.
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New market rallies are often led by what I call off-the-bottom stocks. Here are 3 potential candidates for when the market breaks out of its current funk.
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