Surprises From Market Breadth with Record Margin Debt

Surprises From Market Breadth with Record Margin Debt

As we discussed earlier, heading into the third quarter earnings season, we have above average level of positive guidance in terms of both top line sales and earnings as well as lower-than-average negative earnings guidance. We  pointed out yesterday, however, that an uncomfortable portion of that guidance is driven by gains from a weak dollar […]

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Something more than Harvey and Irma have Goldman Sach’s CEO “unnerved” about the current stock market?

Something more than Harvey and Irma have Goldman Sach’s CEO “unnerved” about the current stock market?

Goldman Sachs CEO shares his view the current stock market is unnerving, and we explain why he probably things that.

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Safety & Security as Markets Wobble

Safety & Security as Markets Wobble

The major equity indices are struggling.Today the Nasdaq posted its third consecutive down Today the Nasdaq posted its third consecutive down day after last Friday’s close marked the fourth consecutive down week for the index. This is now its longest losing streak since May 2016 with only one-third of Nasdaq stocks trading above their 50-day moving averages […]

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Dow on Track for Longest Losing Streak Since 2011 as Trump Trade Stalls

Dow on Track for Longest Losing Streak Since 2011 as Trump Trade Stalls

The markets have had quite the run-up based on the assumption that this time things are different with Trump in the White House, but sky-high valuations make sense and economic realities, such as an aging population, are no anchor.

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‘Trump Bump’ for Dow Industrials Is Biggest Post-Inaugural Move Since FDR – 

‘Trump Bump’ for Dow Industrials Is Biggest Post-Inaugural Move Since FDR – 

This morning I was on Varney and Company on Fox Business talking about the impressive run-up in U.S. stock indices. While we were on air, the U.S. markets opened and shortly thereafter the Dow broke to new highs at 20,700. Only one other president in history has seen such remarkable gains since their election. After […]

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But those economic indicators are so HOT!

But those economic indicators are so HOT!

Economic data has been coming in more positive lately, which has led some to get a wee snarky with yours truly over my finger-wagging warnings that the market is exceptionally pricey.  Ok then, game on! The chart below is the Economic Research Institute’s Weekly Leading Index, which according to ECRI, “has a moderate lead over […]

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What The Financial News Isn’t Telling You That You Need to Know

What The Financial News Isn’t Telling You That You Need to Know

Investors as a group are notorious for chasing returns, which means everyone piles into whatever has been working best lately and more often than not tends to be late to the party. The catch this time around is whatever has been working best lately is whatever has gone up in price the most. All this […]

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S&P 500 hits record $20T market cap as warning signs mount

S&P 500 hits record $20T market cap as warning signs mount

This morning the S&P 500 reached $20 trillion in market cap for the first time in history even though investors have been flocking out of active management funds and into passive ones, such as exchange traded funds (ETFs), at an accelerating rate. This is typically the behavior we see nearing market tops. As markets move […]

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