Stock Market Commentary: Friday, May 31, 2013 The major averages enjoyed their first monthly gain in May since 2009 and their first Jan-May winning streak since the 90’s as the Fed continues flood the system with liquidity. Stocks negatively reversed on Wednesday, May 22, 2013 after the Fed hinted that they may begin tapering as…
STOCK MARKET COMMENTARY: FRIDAY, MAY 24, 2013 Stocks negatively reversed on Wednesday after the Fed hinted that they may begin tapering as soon as next month. From our point of view, this marked a significant inflection point in the market as the narrative has shifted. So far, every pullback this year has been very shallow in both…
STOCK MARKET COMMENTARY: FRIDAY, MAY 17, 2013 Stocks hit another record high last week as this Central Bank driven rally continues apace. We changed the status from rally under pressure to confirmed rally in our Tuesday 4/23/13 mid-week update and noted that the bulls are back in control of this market. So far, every pullback…
Stock Market Commentary: Friday, May 10, 2013 We changed the status from rally under pressure to confirmed rally in our Tuesday 4/23/13 mid-week update and noted that the bulls are back in control of this market. So far, every pullback this year has been very shallow in both size (% decline) and scope (days, not…