The best word to describe this market is: STRONG. Stocks continue to race higher as investors continue to focus on easy money from global central banks. Whether we have strong economic data (ex: Friday’s jobs report came in at 255k, beating estimates for 180k) or weak economic data, stocks rally. Strong earnings, weak earnings,…
Strong Month on Wall Street July 2016 will be remembered in the history books as a pivotal and very strong month on Wall Street. The big news was that the Dow Jones Industrial Average and the benchmark S&P 500 both broke out of a very long 18-month sideways trading range and vaulted to fresh record…
Bulls Remain In Control: Stocks are very strong as the benchmark S&P 500 has vaulted 9.1% in the past four weeks! Remember, in “normal” (a.k.a. non easy money days),a 10% rally for the entire year was considered healthy so 9.1% in 4 straight weeks is extraordinary. I’m frequently asked by clients at 50Park.com: How can…
Monday-Wednesday’s Action: The S&P 500 broke out of its very long trading range and hit a fresh record high on Monday. Overnight, Japan’s ruling party won their election by a large margin and announced more stimulus. That sparked a huge rally in Japan’s stock market (up almost 4%) and that lead to more gains…