Stocks fell last week and the major indices are testing support (50 day moving average line) for the first time since the election. The bulls argue that Trump’s pro-growth policies will get passed even if the healthcare bill doesn’t. On the other hand, the bears argue Trump’s other policies will not get passed because Healthcare…
Stocks rallied last week after nearly every major Central Bank in the world continued to err on the side of caution. The big news came from the U.S. Fed when it raised rates by a quarter point for the second time in three months. For the first time since the 2008 financial crisis, it appears…
Stocks finally snapped a very strong 6-week win streak as the market paused to consolidate the recent and robust rally. Small caps continued to lag and ended lower which is a sign of near-term fatigue. The Small-Cap Russell 2000 broke below its 50 DMA line which is not ideal in the near term. Meanwhile,…
Stocks ended mixed to mostly higher for a sixth straight week, literally every week Trump has been in office. Small caps lagged and ended lower which is a sign of near-term fatigue. Remember, markets do not go straight up. At this point, it is perfectly normal to see the market pause and digest the recent…