We have made our way through the “bulk” of earnings season and our two biggest take-aways so far are: 1. Investors don’t “Like” social media stocks & 2. All eyes are on guidance… To address the first point, social media stocks have been annihilated this season after Twitter ($TWTR), Yelp ($YELP) and LinkedIn ($LNKD) all gapped…
[su_heading style=”modern-2-dark” size=”20″] Market Update [/su_heading] The major averages bounced nicely today as the bulls continue to step in and buy any and all weakness. As long as this continues, the market deserves the bullish benefit of the doubt. Especially because the S&P 500 is less than 2% below its record high! To be clear, the…
[su_heading style=”modern-2-dark” size=”20″] Market Update [/su_heading] The major averages appear to be getting weaker, not stronger. The good news is in most cases, the major averages are just below record highs or 15yr highs in the Nasdaq/Nasdaq 100. It is also healthy to see the primary driver for this entire 6 year bull market remains easy…
[su_heading style=”modern-2-dark” size=”20″] Market Update [/su_heading] Bulls Not Going Down Without A Fight After all was said and done, underneath the surface, it wasn’t a pretty week on Wall Street even though the major averages held up better. On Monday, the benchmark S&P 500 hit a new high for the year, then turned lower after several…