Stocks End Week Higher As Investors Await Earnings Season: Stocks rallied for the third straight week as investors wait for earnings season to begin. Over that time, the major indices went from beginning extremely oversold to being over bought. That, in and of itself, is not the end of the world but it is important…
Stocks Rally As Fed Shifts Back To A Dovish Stance: Stocks soared on Friday after the Fed backpedaled and adopted a dovish stance. Interestingly, that came on the same day that the December jobs reported easily blew away estimates. Clearly, the Fed is more concerned with asset prices (stocks, bonds, commodities, and real estate), than…
Stocks Trim Monthly Losses As 2018 Comes To An End: The market is deeply oversold and trying to bounce as 2018 comes to an end. 2018 will go down in history as a crummy year for Wall Street. The year began with a strong rally as 2017’s record run continued into January 2018. Then, out…
Longest Bull Market In History Is Over: Last week was another brutal week on Wall Street as the small-cap Russell 2000 and the Nasdaq both fell into bear market territory (defined by a decline of 20% or more from a 52-week high). The Dow and S&P 500 also fell closer to that dreaded 20% level….