For the longest time we have made the case that Wall Street is ready for a rate hike but Main Street is not. The following chart, courtesy of our friends at Reuters/Eikon, shows how the S&P 500 has surged since 2009 but GDP has yet to “take-off.”
On Friday stocks sold off as investors unloaded their positions ahead of the the weekend. The catalyst which precipitated this sell off was Dubai World’s trouble restructuring their debt. Dubai World, the most indebted of Dubai’s state-sponsored companies, is seen as a barometer for the health of the financial nexus.
Here is The Intra-Week Update That Was Sent on Wednesday – The EXACT Low of the week. Market Update: Barring another wave of massive selling, it appears the market is trying to put in a near term low today and it looks like stocks are ready to bounce from their deeply oversold levels. So far,…
Largest Economy In History & VALUATIONS Are Attractive The market continues acting great considering how weak it was acting just a few weeks ago. The benchmark S&P 500 jumped to a fresh record high on Monday which is very healthy. Late last week, the Nasdaq Composite, Nasdaq 100, Philly Semiconductor index ($SOX), and Mid Cap…
NYSE CEO on Reform
How To Limit Your Losses There is an old maxim on Wall Street that says successful traders limit their losses and let their winners run. Simple enough, right? But knowing how to actually do that consistently is not easy. Why? Because it is counter-intuitive in nature and goes against what comes “natural” for most people. How…
The benchmark S&P 500 index vaulted above resistance today after the ice broke in D.C… This has happened several times this year and reiterates how strong this market is. If the recent lows hold, this will be another normal and healthy pullback in both size (% decline) and scope (weeks, not months). It will also…