Marching Markets

Better than expected Q4 corporate results, positive economic results, healthy signs of inflation, range bound 10-year yields and a promise by President Trump to deliver a long sought after business tax code reform continue to give investors confidence and markets a lift. The backdrop for US equities, as we begin the week, is decidedly upbeat [...]

By |2017-02-23T19:30:01+00:00February 23rd, 2017|Uncategorized|

Does the rally Still Have Legs?

After a modest reset, that I called for in last Monday's note, we did see a meaningful reversal on Friday as equities posted their largest advance of the week. Net/net, US equity prices, on balance, were largely unchanged on a week-over-week basis. So where is the rally headed? Sam Stovall, CFRA Chief Investment Strategist, noted that, [...]

By |2017-02-07T13:39:25+00:00February 7th, 2017|Uncategorized|

One Direction Higher?

Stock market performance in the 6 weeks following President Trump's victory is the best among all elections since 1900. Equity traders and investors appear to have locked into a trade that has but one direction - higher. On Friday, the NASDAQ closed at 5660.78 while the S&P 500 (2294.60) and Dow Industrials (20,093.78) closed at [...]

By |2018-01-29T13:56:33+00:00February 1st, 2017|Uncategorized|