A slight pause in the U.S. markets yesterday may find the major averages resuming their upward trend near term and as overseas markets continue to rally. A good many headlines continue to excite and build on investor sentiment in the U.S., but let’s quickly take a reading of overseas markets before digging into some corporate…
Entering this week, the major averages remain at all-time record levels. The CES began this weekend in Las Vegas. I’ve been to the show many a time over the years. There are generally 3-4 venues housing different categories of technology be them household, mobile, gaming, healthcare devices or automotive. It’s a pretty fascinating show packed…
It is hard to find a “talking head” in the media that isn’t able to justify the persistent rally in the major indexes and more recently the Dow Industrial Average crossing 25,000. In short, they are always able to offer that the end is justified by the means. With the end being Dow 25,295 as…
There is nothing wrong with unbridled enthusiasm when it’s correlated to the appropriate level of rationale. That’s the premise of the equity markets it would seem over the last several months and as equity prices have elevated into, what some may describe as, bubble territory. No argument can be made suggesting that the rapidity for…...
Equities continue to roar higher, ending the first trading week of the New Year with all major averages hitting record highs. The Dow, after crossing 25,000 yesterday did nothing but expound upon the rally that has been in place for the last 14 months. At the closing bell, the Dow Industrial Average is eyeing 26,000…
And the beat goes on… with the three major indices surging above high water mark levels in 2018. The Dow was the last major index to seek out and conquer a whole number as it marched above 25,000 in yesterday’s trade. The S&P 500 rose 10.93 points, or 0.4%, to close at 2,723.99. The Nasdaq…
With the S&P 500 clearing the 2,700 level and the Nasdaq clearing the 7,000 level there is but one more milestone to have been achieved. That milestone achievement will come from the Dow Industrials clearing or touching the 25,000 level. Ahead of this likely accomplishment we expect to see some key components of economic data…
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Autos, no autos, as sales for the big three U.S. automakers came in today! General Motors Co. said December sales slipped 3.3%, to 308,539 vehicles. The nation’s largest auto maker posted solid gains in pickup trucks and crossover SUVs—among its most profitable products—and posted record sales for the year in both categories. Analysts were pleased…
