Weekly Warm-up: ResistanceHolds; Earnings Upside vsMultiple for Stock Selection Last week’s failure to break through technical resistance for second time suggests the correction isn’t over. We expect softness into and past the election before next leg of bull market. Continue to favor stocks where operating leverage is under appreciated in forecasts. Breaking out is hard to do. The S&P 500…
Another 10% Correction Morgan Stanley Believes Lay Ahead
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Many believe that bond yields will not be able to move up much, partly as there is no sustained...
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So They Say Shorting Volatility Is Like Playing With Dynamite…
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I leave the country for one week, one week and return to discover that volatility has remained relatively low....
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S&P 500 Brushes Off Mixed Data, Decelerating Earnings & Yield Curve
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When momentum develops, it can become a driving force greater than fundamentals and rational considerations. Such was the case...
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