Markets

Stocks fell on Tuesday as the market appears to be tracing out a near term top. The major indices soared over 9% since the post brexit low and have been up 5 weeks in a row. The market is simply pulling back now to digest that recent and strong rally. It is important to note…

We are quite confident some sort of near-term high is being put in place today. All was well coming into today but noticed the S&P sitting while other indices moved higher, a divergence of sorts. As we write this, the tight range of the past couple of weeks is being breached to the downside and…

Stocks ended mixed on Monday as oil prices continued to tank and fell below $40 a barrel for the first time since April. The Dow Jones Industrial Average posted a 6-day losing streak as it pauses to digest the recent rally. Economic data was light but a little weaker than expected. The ISM manufacturing index came…

Market Update: Stock futures are a little lower ahead of Tuesday’s open. The Dow fell 6 days in a row as it continues consolidating its recent post-brexit rally and a ton of earnings continue to be released. Overnight, Japan announced its fiscal stimulus plan which disappointed some investors and Australia’s Central Bank Cut rates to a…

Goldman has been bearish and states it again. Gundlach says to sell everything. Other big investment banks have been bearish the past couple of months. We do not think we have seen this type of bearishness before in a market that has been moving higher. This type of market opinion is usually reserved for deep…

Market Update: Stock futures are relatively flat ahead of Monday’s open as investors digest a weaker-than-expected GDP report, the latest round of mixed earnings and economic data and wait for Friday’s fake jobs report. Remember weak “data” is bullish for stocks because it means more easy money from global central banks. Gary’s Thoughts: All quiet this…

Our themes have not changed. We continue to believe and have been proven correct that earnings growth is poor, sales growth is poor and the economy is blah! 1.2% ain’t going to do nothing for no one! We continue to believe the maniacal central banks will continue to leave rates at 0% or below, go…

Market Update: Stock futures are a little lower ahead of Friday’s open as investors digest the latest round of earnings and economic data. The Bank Of Japan decided to not make any changes to monetary policy which disappointed some investors (who were looking for more easy money). Gary’s Thoughts: But Japan announces they will buy up…

Stocks ended mixed on Thursday as investors digested the latest round of earnings and economic data. Economic data was mixed. Jobless claims came in at 266, compared to the Street’s estimate for 264k. The Kansas City Manufacturing index came in at negative -6, missing estimates for positive 2. Overnight, The Bank of Japan is scheduled…