There’s some good and bad residing within every trading day. Yesterday’s good news was the performance or rotation out of large and midcap stocks and back into small cap stocks as the Russell 2000 Index outperformed its larger peer indices. Rotation is a sign of a healthy market as it points to active market participation…
Barron’s: What’s the good word, if any, on the economy and the markets? Jeffrey Gundlach: We are more cautious about 2019 than about this year. We always start by asking whether a recession is coming. We have found about a dozen indicators to be helpful on a forward-looking basis. At the beginning of this year,…...
At some point, and we don’t know when, the geopolitical risks will weigh more heavily on investor sentiment than they seem to be weighing at present. But until that point… It was the press conference that was heard around the world yesterday between President Donald Trump and Vladimer Putin. The conference has drawn criticism from…
We have a busy reporting week, with more than 170 companies coming out with quarterly results, including 60 S&P 500 companies. The following graphic identifies some of the key reports due out this week by date. Stocks posted strong gains last week, with the Dow, S&P 500 and Nasdaq all rising more than 1.5…
Last week, the Q2 2018 reporting cycle kicked-off with some of the big banks reporting quarterly results. JP Morgan Chase (JPM), Wells Fargo (WFC) and PNC Financial reported results. JP Morgan’s report was quite strong, but failed to find the stock gain any traction with the entire sector falling once again. We now have Q2 results from 4…...
What Makes A Great Investor? Posted on July 12, 2018 by Andrew Thrasher, CMT There are many ideas to what makes a “great” investor. Different qualities exemplify themselves in different market climates as we’re always being tested from different angles. Whether it’s our Commander and Chief firing up his Twitter app one morning, a break…...
Investors bore the brunt of President Trump’s announced $200bn trade tariffs on China, set to go into affect as early as September and after a review period. All three major indices fell on the day, but outperformed their global equity market peers by falling less than 1% across the board. Although China has vowed to…
Here we go again with tariff headlines front and center. The Trump administration on Tuesday evening released a list of 10% tariffs on $200 billion in Chinese goods, broadening trade war conditions with Beijing. The tariffs will not go into effect immediately but will undergo a two-month review process, with hearings Aug. 20-23. Immediately after the news…
Investor Sentiment This year has been a year unlike more recent and years whereby the markets trended steadily higher and were somewhat predictable. No, 2018 has been found with lesser investor confidence and enthusiasm post the January period where the tax cuts/fiscal stimulus was otherwise priced into the market. A recent read on institutional-investor confidence…...
As we learned last week, the health of the labor market remains very strong. There are more job openings than job seekers, which is a first since 1970. The prime-age employment-to-population ratio, probably the best indicator of the health of the job market, is back to 2005 levels. How long will it be very strong is…
