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Banks such as JPM, C and GS started the earnings season off on a positive note when all beat expectations on the top and bottom lines. The pre-peak Late Earnings Report Index fell to its lowest...
In a recent post, I discussed Wall Street’s return estimates for 2025 for the S&P 500 index. To wit: “We have some early indications of Wall Street targets for the S&P 500 index, and, as is...
Friday was a bit of a mixed bag. It was good to see the S&P 500 breakout, but it also coincided with a Russell 2000 (IWM) that closed on a 'black' candlestick at downward channel resistance. In...
In last week’s discussion with Thoughtful Money, I noted that we are becoming more “tactically bearish” as we progress into 2025. While we have remained primarily bullish in equity positioning over...
Stocks and gold have been “predictable” as we approach Inauguration Day. “Predictable” taking the form of our previous “to or through the election” view for the 2024 bull, which was ginned by the...
US markets faltered after a blowout session the previous day, while the surprising upstart came in the form of the FTSE 100, which has set the early pace and blew past its previous record high in...
US stocks faced pressure as tech leaders underperformed, highlighting cautious market sentiment. Retail sales data added to investor caution amid a volatile week. Futures hint at a rebound as...
After the day before yesterday's big gains, it was always going to be hard for markets to continue in the same vein. All markets are near 20-day MAs, with the Russell 2000 (IWM) just above this key...
The S&P 500’s rally highlights growing optimism about future Fed rate cuts and a potential shift in policy. Key technical levels are in play today, with traders eyeing both support and...
Stocks moved higher yesterday. Last time, I noted that the S&P 500 was likely to rise no matter what the CPI report was because implied volatility was so high, which is pretty much what happened....
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