Archives: Weekly Market Outlook

Skeptics and Upcoming Pyro Technics?

Keith Schneider | March 26, 2017

Pyyrho -Greek Philosopher (The First Skeptic) The S&P 500 did the unthinkable, it actually had a  -1.2% down day last Tuesday. This action broke the 109 day streak of S&P 500 trading without a correction of greater than 1%. The last time the S&P 500 had a streak greater than this duration was in 1963, which ended on March 1st of that year and endurred for 155 days. As of the close on Friday, the

“Uneasy Markets, Uneasy Alliance”

Keith Schneider | March 19, 2017

U.S. equities mostly inched their way forward this week, digesting another rate hike of .25% by the Federal Reserve. In fact, after the hike, rates dropped and equities rallied. The dollar dropped as well. Metals, especially gold and copper, ended the week strong after being under pressure for the past month in anticipation of the big event. Keeping things in perspective, short term rates are now at .75%, historically low. Generally, to choke off bull

Hiddenburg? Maybe Not

Keith Schneider | March 11, 2017

The Markets liked the payrolls data released Friday which reversed the steady declines (after the initial pop following Trump’s Congressional address), closing the week down .42% for the S&P 500. Moments after the jobs data was released, White House Press Secretary Spicer immediately tweeted that things were great. During the election, Trump stated that the published numbers from The Fed on unemployment were phoney and not to be trusted. Not so anymore, as Trump has

Snap, Crackle and Pop

Keith Schneider | March 5, 2017

Wall Street’s newest IPO and darling is Snapchat (SNAP). Investors (I’m using the term lightly here) clamored to get in on the hot new app, which now has a market cap of about $ 31 billion. SNAP was up roughly 70% from its IPO price by early Friday. Not bad returns for a 2-day old “camera” company, as described by its CEO. We have SNAP, it’s crackling, and yet to “pop out”. In 2016, SNAP

This Market Takes Lessons From A Chameleon

Geoff Bysshe | February 26, 2017

The markets pushed higher yet again last week extending their impressive 2017 rally, however this week was a little different than prior weeks in ways you should pay close attention to. A quick look at our sector summary page, which includes the charts shown below, highlights the interesting difference in the markets this week. In the chart below you’ll find our unique summation of the number of sectors with a positive 6-month change. This summation

A Melt Up and a Melt Down

Keith Schneider | February 20, 2017

US Equities took a que from events in Asia this week as the bulls murdered the bears in a very public show. The market is on a post-election tear not seem since LBJ took office, with the benchmark S&P 500 + 1.5% on the week and over 5% YTD. We observed  ( /)  some very extreme and unusual price movement in options trading this week which might have indicated a blow off to this

Shark Tank

Keith Schneider | February 12, 2017

US Equities markets handled multiple faux paus of the new Trump administration as a sideshow and focused on an upcoming proposal to reduce taxes. The S&P 500, NASDQ 100, and the Dow Industrials (INDU) all soared to all time new highs and closed around +1% on the week. One thing to note however is that trading volume has dropped to levels not seen since 2007. It could be the sharks are swimming in the dark

Have ‘Animal Spirits’ Taken QE’s Place As The New Fuel For The Bulls?

Geoff Bysshe | February 5, 2017

President Trump has summoned up ‘animal spirits’ which seem to be taking more and more credit (or blame depending on your market bias), for the bull market. Here’s one way to keep your eye on them, so they don’t catch you by surprise. Additionally, this week’s video (below) will show you ways to let the market, not animal spirits drive you to the best trading opportunities. Over the last several weeks I’ve noticed more and

Is Mr Market’s Head in the Clouds?

Keith Schneider | January 29, 2017

If uncertainty is the market’s foe there seems to be a bad cell connection. Perhaps Mr. Market’s human nature is getting the best of him. US equities broke out of the 6-week compression zone led by tech and specifically semiconductor stocks. This propelled the NASDAQ 100 to an impressive gain of almost 5% for the week. Additionally, the Dow Industrials Index crossed the much anticipated 20,000 milestone, and despite it now being up 25% over

Bull Market Dancing on a Pin Head

Keith Schneider | January 21, 2017

This week the 4 key US equites ushered in the new president with a net neutral overall response. The NASDQ 100, the lead index over the past month, continued its trek higher with the IWM lagging after a blistering post-election rally. The bull market, although still intact seems, appears to be dancing on a pinhead.  There is a big disconnect between market action and reaction to our new president. Depending upon who you talk to,