June 15, 2023 @ 7:18 pm | Breaking News |
You’ll find the answer to that question at the end of all this explainin’ I’ve been hammering away at how narrow this market rally is. Most of the gains have gone to investors in just a handful of very big technology stocks. You know that. But did...
April 24, 2023 @ 11:10 pm | Breaking News |
Important observation out of Morningstar on Friday. While the Morningstar U.S. Market Index is up 15.4% from its bear-market low on October 14, the market is only 1.4% higher than it was at the end of November. AND in recent months, the stock market has been moving in...
February 9, 2023 @ 7:35 pm | Breaking News |
As of the close in New York today, February 9, the Standard & Poor’s 500 was down 0.88% and the NASDAQ Composite was off 1.02%. That’s not a big absolute drop but it does mark quite a turnaround from earlier in the day. At 9:51 a.m. the S&P 500...
January 17, 2023 @ 11:03 pm | Breaking News |
Right now Wall Street analysts project that on Thursday, January 19, Netflix (NFLX) will report earnings of just 44 cents a share for the fourth quarter of 2022. That would be a huge drop from the $1.33 the company reported in the fourth quarter of 2021. If Netflix...
November 29, 2021 @ 6:55 pm | Breaking News, Jim's Extras |
Today, Monday November 29, it’s a tale of two bounces from Friday’s big sell off. Technology stocks and especially big technology stocks are up big. At the close in New York Applied Materials was up 5.53%. Adobe (ADBE) was ahead 3.83%. Nvidia (NVDA) was...
October 13, 2021 @ 7:32 pm | Breaking News |
If you look only at the major indexes, today was a mildly positive day. The Standard & Poor’s 500 closed up 0.30%, although the Dow Jones Industrial Average was flat. The NASDAQ Composite gained 0.73% at the close and the NASDAQ 100 added 0.77%. The small...
February 8, 2021 @ 7:23 pm | Breaking News, You May Have Missed |
Stocks climbed for a sixth straight day–the longest string of gains for the Standard & Poor’s 500 since August and with the Dow Jones Industrial Average turning in its best start for a February since 1931. The S&P 500 finished the day ahead 0.34%...
November 27, 2020 @ 6:47 pm | Breaking News |
It was a short session today, the Friday after Thanksgiving, on Wall Street but that didn’t stop the Standard & Poor’s 500 and the NASDAQ Composite from setting new all-time records. The S&P 500 closed up 0.24%. The NASDAQ Composite finished...
November 10, 2020 @ 7:36 pm | Breaking News |
If you remember, my “calendar” listed a short-term post-election rally to be followed by a downward trending market into the early part of December. And then a renewed rally heading into January. I didn’t include yesterday’s coronavirus vaccine...
September 8, 2020 @ 8:00 pm | Breaking News |
The NASDAQ Composite was down an already punishing 2.75% at noon in New York. But the damage wasn’t done for the day. The tech-heavy index closed the day down 4.11% And the big techs, the stocks that had driven the rally up and are now pacing the move down, sold...
September 2, 2020 @ 7:15 pm | Breaking News |
Yesterday in my post “Now there are two Puts supporting the market as the Vaccine Put joins the Powell Put. Those two bets–that the Federal Reserve will continue to flood the financial markets with cash and will increase the flow if the markets start to...
August 26, 2020 @ 7:44 pm | Breaking News |
On Monday the Standard & Poor’s 500 and the NASDAQ Composite hit new all-time highs on what I’m calling the Vaccine Put, the hope that we’ll see the announcement of an approved coronavirus vaccine by early in 2021 or maybe even the end of 2020...
August 24, 2020 @ 7:54 pm | Breaking News |
Forget about a “V-shaped” recovery or a “W-shaped” bounce-pullback-move up again recovery. The talk on Wall Street is now about a “K-shaped” recovery where a handful of companies and their shares sooar ahead but where the average...
June 12, 2020 @ 7:59 pm | Breaking News |
At 3:00 p.m. New York time, the Standard & Poor’s 500 was up 0.33%to 3012.13. That, not so coincidently, is almost exactly the 200-day moving average for the index at 3012.39. Today, no big bounce after yesterday’s 5.89% drop for the index. Bargain...
June 11, 2020 @ 7:43 pm | Breaking News |
I don’t know who/what started the rout today, human beings or machines. But conditions were ripe for selling from both sources. On the human side, investors were looking at gains of 50% or more in the last month in stocks that had been crushed by the coronavirus...
May 13, 2020 @ 6:47 pm | Breaking News |
As of 12:30 p.m. New York time today, U.S. stocks had continued their downward move of yesterday. The Standard & Poor’s 500 was lower by 2.23% and the Dow Jones Industrial Average had tumbled 2.35%. The NASDAQ Composite was off 2.44% and the Russell 2000...
January 23, 2020 @ 7:43 pm | Breaking News |
On Tuesday after the close of trading Netflix (NFLX) smashed through fourth quarter projections by adding 8.76 million subscribers globally in the quarter. That easily beat analyst estimates for the quarter of 7.9 million new subscribers. For the quarter earnings came...
January 2, 2020 @ 7:20 pm | Breaking News, Jubak Top 50 Portfolio |
In an ideal world, every stock market trend–up, down, sideways–would begin on January 1 and end on December 31. That would make an annual rebalancing of any portfolio as easy as falling off a madly spinning log in a Canadian logging festival. Most market...
January 2, 2020 @ 7:13 pm | Breaking News |
We’ve seen this before. And investors and traders seem determined to keep a good thing going–until it doesn’t work anymore. Today, January 2, the first trading day in the new year for U.S. markets, stocks were off to the rally races again. The...
July 2, 2019 @ 7:23 pm | Breaking News, Volatility, You May Have Missed |
Join me on my search for the elusive catalyst that could take U.S. stocks higher from what is already an all-time high. Quiet, though, catalysts can be very shy. Peaking through the bushes surrounding the water hole, I can see signs of company earnings. The big banks,...
April 30, 2019 @ 7:47 pm | Breaking News, Volatility, You May Have Missed |
If this market runs out of bears, I think it’s in trouble. And today one of the market’s few remaining bears capitulated to the rally. Wells Fargo’s head of equity strategy Christopher Harvey hiked his year-end price target for the Standard &...
March 19, 2019 @ 8:01 pm | Breaking News |
“Fear of missing out” is driving this stage of the market rally. Fund managers were under allocated to equities at the start of the year and are now playing catch-up with the indexes. And since the consensus is that the Federal Reserve has the...
February 7, 2019 @ 6:52 pm | Breaking News, Volatility |
So far this is a normal pause. Stocks frequently pause, pull back, move up again, pull back again when they confront a major resistance level. So it’s not surprising that the Standard & Poor’s 500 took a breather today after the index closed at 2731...
January 18, 2019 @ 6:01 pm | Breaking News, Volatility |
Most of the recent sentiment surveys show the same result: While sentiment about current conditions–AKA the present–remains strong, sentiment about conditions 6 to 12 months out is sliding in a pessimistic direction. The recent Bloomberg Consumer Comfort...
January 18, 2019 @ 5:55 pm | Breaking News, Volatility |
Rallies share one very important pattern. In a rally more investors and traders want to jump in as prices rise. They’re convinced that rising prices mean that prices will climb even more in the future and so they buy, driving prices higher. Bounces follow a...
January 7, 2019 @ 6:50 pm | Breaking News, Volatility, You May Have Missed |
U.S. stocks moved toward a key test today with the Standard & Poor’s 500 approaching the 2550 to 2600 level that signals the top of the recent volatility range and likely technical resistance. If the index breaks above this level, the market could run...
January 7, 2019 @ 6:42 pm | Breaking News, Volatility, You May Have Missed |
It’s an extraordinarily busy week for the Federal Reserve–verbiage wise. Saturday, January 5, John Williams, head of the New York Federal Reserve Bank, Raphael Bostic of the Atlanta Fed, and Mary Daly of the San Francisco Red all spoke. Today, January 7,...
December 27, 2018 @ 6:54 pm | Breaking News, Volatility |
If you’re trying to figure out this market–and who isn’t?–down 700 points on the Dow on Monday; up 1000 on Wednesday, down 400 points on Thursday before finishing up 250 points, I’d suggest starting with the observation that this bear...
December 18, 2018 @ 7:34 pm | Breaking News, Volatility, You May Have Missed |
Monday’s big drop in U.S. stocks was unusual in this period of frequent market routs–and unusual in an important way. Even as the market has tumbled day after day, investors haven’t seen a big 90% down day of the kind that signals a (perhaps temporary) capitulation...
December 13, 2018 @ 6:43 pm | Breaking News, Volatility, You May Have Missed |
After yesterday’s bounce in riskier bounce-worthy stocks, today the U.S. market is seeing a slight pull back. At 1:30 p.m. New York time the Standard & Poor’s 500 is off 0.34% and the Dow Jones Industrial Average is lower by 0.05%. The NASDAQ...