Q1 GDP Expected To Be 1.3%

The stock market was down slightly on Tuesday. Snap stock was down 11% to a 21 handle. While Snap doesn’t have a large market cap, it’s significant because it represents the latest excess of Wall Street. The company has a lock on the attention of teenagers and 20-somethings, but is burning cash quickly. It will…

Are Stocks Overbought?

On Monday, the market sold off slightly. The sell-off was either a continuation of the selling pressure caused by the market being overbought after the Trump-speech rally or because the stock market finally realized rate hikes are coming fast and furious this year. In my opinion, the market shouldn’t have rallied after Trump’s speech because…

High Debt & Low Revenue Growth Didn’t Cause A Crash

The stock market was down Monday. The S&P 500 is down about 1% from its all-time high. Anytime the stock market has been down since the election, it’s bigger news than it normally would be because it’s been in almost a straight line higher. It is difficult to remember what a normal market is like…

French Election: Le Pen's Chances Fall

This article is about the latest movements in the French presidential election. The shifts in this election have been happening quickly. The reason I am analyzing it closely because it has the potential to move equity markets, including in the U.S. There has been a wave of populism spreading throughout the world because the global…

Rate Hike In March Certain

In this article, I will review the recent statement made by Fed chair Janet Yellen about the possibility for rate hikes in 2017 and the latest ISM Non-Manufacturing report. The rate hike in March appears to be locked in. I am surprised with the speed at which the market changed what it was pricing in.…

Speculators Rule The Market

There is a distinct possibility we are closer to the end of this bubble stock market than most expect. It’s difficult to determine where stocks are going when they are priced based on the fundamentals. When they are increasing based on sentiment alone, it becomes nearly impossible. Since sentiment is very important to this market,…

Euphoria In Bitcoin & Snap

The circumstances seen in today’s market will be looked back on with awe. From a purely historical sense, being able to watch what’s happening on a day to day basis is amazing because it is a case study in how markets can go awry. Investing is much more difficult because the bubble sucks you in,…

Caution Is Logical

I have been discussing the lack of a 1% move in the S&P 500 for a few weeks now. This streak finally ended Wednesday as it rose 1.37%. The next streak which is much more ominous is the 96-day streak without a 1% decline in the S&P 500. The idea of a 5% correction happening…

Market Anticipatory Optimism Continues...

I had President Trump’s February 28th speech to Congress circled on my calendar for a few weeks. Yesterday, I stated it was bullish for the market because of its positive tone. Unity was promoted. Unity in government means more bills will get passed. In the past, the market has been in favor of gridlock because…

What Trump’s Speech Might Mean For The Economy

Because it’s early in President Trump’s term, it’s tough to predict what will occur. His speech to Congress on Tuesday was normal in terms of historical precedent, which is unusual for his unorthodox style. The speech didn’t have that many specific economic policy proposals, but we did learn where he may be leaning on the…