
My favorite stock market signal issues a warning...
Since mid-March, stock indices have rallied on the back of FED-intervention to be (once again) positive for the year.
Since mid-March, stock indices have rallied on the back of FED-intervention to be (once again) positive for the year.
Stocks had another strong week after a better than expected unemployment report.
Stocks finished the week strong on the back of Trump comments Friday afternoon.
Stock futures opened higher Monday on hopes of a Coronavirus vaccine.
Last week saw ugly selling in the stock market while many states allowed restaurants, businesses, and retail stores to reopen.
Markets continue their pandemic-defying rally as brokerages confirm hundreds of thousands of new accounts have been opened
Stocks looked heavy late in the week as GDP numbers and FED comments weighed on investors.
Stocks held their ground last week as investors weighed weak earnings from heavyweights like Netflix & IBM and Congress's agreement to allocate additional funds to the Paycheck Protection Program. While the rally in stocks have many pundits calling for a return to all-time-highs - crude oil may be telling a different story. Being the only market not 'under FED influence' it can be a sign of the true economic carnage going on. After doing what many thought could never happen -
The S&P 500 has recovered over half of the down-move from February's highs and continues to rally on bad news.
Macro News From Last Week: Equities rebounded strongly as the Federal Reserve fired a bazooka, announcing they would be buying junk bonds, offering a reprieve to U.S. energy companies. Junk bonds are the underpinning of most energy & oil-producer's debt. Logic would suggest Uncle Sam is stepping in to maintain energy production independence. OPEC & its oil-producing allies have agreed to a 9.7M barrel / day production cut commencing May 1st and extending through June. On Marc