While the market may be turning a blind eye to potential downside risk, it isn’t doing so without wide daily and weekly swings in the indexes, most of which are contained before the market pushes higher.
Last Thursday, the S&P 500 established a new all-time closing high of 2,121 as a result of yet another soft piece of data, this time the Producer Price Index for April, which came in at -0.4% versus economists’ forecast of 0.2%. Treasuries rallied off the headline, European stocks reversed higher from trading in the red […]
Critics of the current global rally in equities make a big issue of how, if central bank stimulus were not present, major market indexes around the world would be in a protracted downtrend. They claim current valuations are not supported by fundamental growth on the top and bottom lines among the biggest market-leading companies. With […]
One of the fascinating aspects of earnings season is that it reveals which sectors and stocks are tomorrow’s market leaders.
Careful selection from top-down analysis is a proven method of finding income-paying instruments that have real legs, not just in up markets, but also displaying durability during market corrections.
Leading up to Friday’s pronounced sell-off, a growing number of equity strategists have been recommending raising equity weightings in Europe, China and the other three BRIC nations: Russia, Brazil and India. While the urge to diversify outside of the United States is quite tempting based on pure valuation comparisons, it doesn’t take much of a […]