This was a historic quarter by any normal measure on Wall Street. The major indices had the worst start ever to a year, then stocks reversed on Feb 11th and the Dow had the largest positive reversal since 1933!
Here is a Year-To-Date Look At The Dow Jones Industrial Average:
Gold is one of the strongest performing assets this quarter:
http://garykaltbaum.com/wp-content/uploads/2016/03/11-DJIA.jpg7141072Gary Kaltbaumhttp://garykaltbaum.com/wp-content/uploads/2015/12/gary-k-logo7-390px.pngGary Kaltbaum2016-03-31 13:15:302016-03-31 13:16:52Chart Of The Day: Historic Quarter On Wall Street
Whatever OPEC decided to do has energy prices spiking. ENERGY STOCKS are gapping up nicely. There has been a lot of deterioration in this area recently, the opposite of what it did into the highs of mid-May. If a low is in, this would be a big help to some indices. Of course, will not […]
Futures bouncing but our themes do not change. The DOW remains worse than everything…S&P better…NASDAQ/NDX/RUSSELL lead. The best pulled back yesterday.The worst has been ugly. Let’s just add in a lot of world markets are under severe pressure. Notwithstanding bounces, look at EEM, EFA, RSX, FXI, EWZ, TUR and others. Wow! This is what happens […]