Markets closed out the week consolidating after being stomped out near the 3915 region. The financial market closed out the first half of '22 as being the worst start to a year since Jimmy Carter was president. A confidentially a similar backdrop from 1970 presents itself today. Runaway inflation...
Two weeks ago we were looking at a strong rally that would push the bulls above heavy resistance near the 4190 region (SP500) and\or 420 region (SPY). At that time, the market was up nearly 100 points following 3 consecutive days of 75% upside. With the weekly bullish signal being issued for many ...
In a span of fewer than 6 months, the S&P 500 went from hitting daily all-time highs to being down nearly 20% from those highs. Markets have been in a downtrend for much of the year. In fact, this year alone has seen the worst starting performance for both the Russell 2000 and Nasdaq. Both have d...
All major US indexes have been in decline since the start of 2022. This week was the sixth consecutive loss for the S&P 500, Nasdaq, Russell 200, and Dow Jones. Though CPI and PPI data suggested a cooling period, it did not stop the bearish sentiment that has hit the market for most of the year. ...
With an endless number of bad news floating around in the markets, market participants have quite a bit to think about as it relates to the market and their portfolio. The wall of worry has many names now. Fed raising rates and QE tightening, inflation running "HOT", recession scare, tech sector f...
It was only recently back in February that we suggested in our prior blogs to buy the dip. There was a fair amount of bearish news coming out of the financial markets but a fair amount of data that we were looking at that suggested the bottom was struck. That week coincided with the start of the R...
Q1 2022 closed out this week making it the worst quarter for the US markets since the pandemic hit back in Q1 2020. However, for the past 3 weeks, markets have been pushing higher from their lows set back in late February of this year. The S&P was down -13% for the year and did an about-face to ra...
Markets had the strongest gain of the week for the entire year. In fact, the S&P pushed higher to its best weekly performance of the last 12 months. The S&P posted a +6% gain, Nasdaq was the winner with +8.5% and the Russell 2000 moved higher +5.3%. In our last blog on February 27, 2022, we said ...
It is interesting how one month can change an investor's perspective in the markets. With one of the strongest rallies in over a decade, the rally off the March 2020 lows had everyone coming into 2022 with a bullish attitude. Our market sentiment index had a reading of +65 coming into the new year...
Super Bowl weekend is here but that excitement did not translate too much for the equity indexes this week. Only the Russell 2000 posted a positive gain for this week. Though it has been down -10% YTD, IWM was able to make a solid +1.3% gain to close out the week. The S&P 500 and Nasdaq felt the ...
