The S&P 500 Is Close To Breaking Out Of Its Recent Downtrend

Stocks Rally Slightly On Wednesday This week has been great for equities as they rallied Wednesday again. It was a much smaller rally than the prior two days as the S&P 500 was up 0.08%. The chart below is my basic technical analysis which shows that the market has been making lower highs. The S&P 500…

Financials Have A Weak Earnings Season Despite Headline Beats

FAANG + BAT Considered The Most Crowded Trade The chart below shows the fund manager survey which asks what the most crowded trade was in April. As you can see, long FAANG and BAT was said to be the most crowded although it lost ground, falling to 33%. With NFLX’s rally on Tuesday after its subscriber beat,…

Investors Are Very Overweight Cash

Stocks Rally On Tuesday This week is shaping up well as the S&P 500 increased 1.07% on Tuesday, meaning it is 3.75% off the February 8th low. I still think the recent high of 2,787 is important. The S&P 500 is now 81 points away from that mark. The earnings season looks like it may actually be…

Netflix Beats Estimates Causing The Stock To Soar 9%

Netflix Is Spending To Grow Let's look at the earnings of all the TFAANG names because they are the market leaders. It will be tough for the S&P 500 to make a new all-time high if the momentum growth stocks don’t rally. Netflix is the poster child for this segment because it has a high…

Yield Curve Flattens & GDP Estimate Falls To 1.9%

Stocks Rally On Monday Investors were dismayed on Friday because 3 of the top banks beat earnings estimates, but stocks still fell. Then the Syrian air strikes were announced which made some, such as myself, think stocks would fall again on Monday. However, stocks were able to rebound as the S&P 500 was up 0.81%. This led the S&P…

Implied Expectations Are For 20.1% Earnings Growth In Q1

Bank Of America Reports Similar Results On Monday morning, Bank of America reported earnings. This is the last of the big 4 banks to report. The results were similar to the others as earnings beat estimates. Because the stock fell in sympathy with the other results on Friday, it rallied on Monday along with the overall…

Bank Stocks Lead The Market Lower

Stocks Fall On Friday Led By The Financials It's worth a mention that the Syrian air strikes that were feared by the stock market earlier this week were announced by President Trump on Friday afternoon. This could send stocks down on Monday. Geopolitical events are always difficult to determine as speculation swirls. I think the best approach is to be…

Stocks Rise As Political Tensions Ease & Jobless Claims Decline

Solid Rally On Thursday As Earnings Approach The S&P 500 was up 0.83% on Thursday. It is up 3.22% from the bottom of the recent range and it’s down 7.27% from the top. The market looked better than it was because Boeing rallied 3.1% which pushed the Dow up 1.21%. It’s silly to give Boeing so much importance;…

The Budget Deficit Won’t Affect Stocks This Year

CBO Deficits Don’t Matter? In a previous article, I discussed the CBO’s projection for a 96% public debt to GDP ratio by 2028. It was the catalyst for a modest decline in stocks that afternoon. It’s a weird response because the deficit projections for the next 10 years have little impact on the hour by…

Fed Minutes Shows FOMC Is Hawkish

Fed Minutes Released: Stocks Decline The Fed released its Minutes from the meeting from March 20th to the 21st. I consider it to be slightly hawkish because all the FOMC members stated they expected the economy to strengthen and inflation to rise in the coming months. The stock market had a moderate selloff in response to…

Page 1 of 91