Better than expected earnings propelled the Dow Jones Industrial Average and the S&P 500 index to new all-time highs last week and will dominate the headlines this week. [Read more…]
MID-YEAR REALITY CHECK
After a tepid June, July produced fireworks for stocks and set up what could be a strong second half of 2013. [Read more…]
A SIZZLING SUMMER FOR STOCKS?
After seven consecutive monthly gains for the S&P 500 index, a string of six back-to-back monthly gains for the Dow, and a stunning string of 20 consecutive Tuesday rallies in the blue chips, markets were overdue for a pause, if not a pullback. However, the calls for a correction or total collapse back to the lows of 2009 appear to be a bit premature. [Read more…]
BROKEN RECORDS
Despite all the doubts about the strength in the economy, the Dow Jones Industrial Average and the S&P 500 index posted new all-time highs last week, supported by private sector job creation and a much improved labor market picture. [Read more…]
BREAKOUT THEN BREAKDOWN
After reaching new all-time highs, the Dow Jones Industrial Average and the S&P 500 joined the NASDAQ in suffering the worst trading week of the year. [Read more…]
RUNNING ON FUMES
After a string of ten winning sessions, including eight consecutive new all-time high closes, the Dow Jones Industrial Average fell on Friday, bringing an end to its longest winning streak since 1996. [Read more…]
CHARGE OF THE “LITE” BRIGADE
Once again we can thank Washington for trying their best to snatch recession from the jaws of recovery. The looming sequestration will put the brakes on an already fragile economic recovery, thanks in part to misdirected focus, terrible management skills and inflated egos. [Read more…]
NOW WHAT?
U.S. equities have had quite a start for the year; The Dow Jones Industrial average up 6.78%, the S&P 500 better by 6.43% and the NASDAQ Composite picking up 5.77% from 2012 closing levels. Now what? [Read more…]
CLEARING HURDLES
Three fears drive investor behavior: fear of the unknown, fear of loss and fear of missing out. With President Obama in the White house for four more years, ObamaCare officially the law of the land, the fiscal cliff calamity avoided and the apparent extension of the debt ceiling, the fear of missing out is driving this rally. [Read more…]
SUMMER STOCK
Despite a weaker than expected job report and mixed messages from the Federal Reserve, the S&P 500 Index, the Dow Jones Industrial and Transportation Averages continued to make new highs last week. [Read more…]