Archives: Weekly Market Outlook

Its October, Time to Take the Money and Run?

Keith Schneider | October 14, 2017

This week, most key US Equities indexes hit new highs again, with the Dow industrials leading +.52 %.   This upcoming week marks the 30-year anniversary of the great market meltdown or the crash of 1987. October, although generally a good month for stock market returns, also hosts the biggest market selloffs including the great crash of 1929. Borrowing a quote form Henry Wadsworth Longfellow “and when she is good she is very, very good; but

Equities on a High, Commodities Poised to Move!

Keith Schneider | October 7, 2017

Equity markets continued to run up to all-time highs up on average another + 1.5% for the week. All this   despite multiple hurricanes, geo-political uncertainty, an unconventional presidency, and mass murder. Attribute this to an economy that has received its medical marijuana card and not feeling any pain. It’s also has taken its flu shots thereby immune to all the above. In fact, the economy is just humming along. One key number to watch is

Tax Reform Sets Grandpa Russell (IWM) On Fire

Keith Schneider | October 1, 2017

The Trump administration pivoted away from another failed attempt at repealing the Affordable Care Act (Obamacare) and moved on to the next big item on its agenda, tax reform. Markets have started moving ahead of anything formal being agreed upon on Capitol Hill, so it’s a classic “buy the rumor and sell the news” situation developing. The sell the news moment of course could be that nothing much comes out of the bill or that

Are Grandma and Grandpa Happy Together?

Keith Schneider | September 17, 2017

Equity markets continued their spiral up with three of the four key US market indexes hitting new highs. Even better news, is the rally is contagious with foreign equities outperforming, led by Emerging Markets. Cash levels are high globally and allocation to US equities is the lowest in a decade, which is bullish across the board. The only selloff or hiccup (minor at that) lasted just a few hours and occurred after North Korea launched

Planes, Trains, and Hurricanes

Keith Schneider | September 10, 2017

As if dealing with Harvey wasn’t enough, Hurricane Irma (his not so distant cousin) has already wreaked havoc along its path through the Caribbean. It now looks to do a lot more damage. Hurricane Jose, Irma’s younger brother, is also lurking. In fact, Irma is heading right to Florida, targeting President Trumps federally insured Mar a Largo beachfront estate otherwise known as White House South. Certain Republicans think the storm’s path is the result of

Risk On Gauge Shifts With Many Markets At Tipping Points

Geoff Bysshe | September 4, 2017

Click here to download this post as a PDF. Last week the equity markets had a remarkable reversal of fortune as the SPY and QQQ moved from breaking down under major institutional support levels such as their 50 moving averages, to rebounding to new all-time highs. Additionally, the MarketGauge Risk On / Risk Off gauge changed to green, and several major asset classes ended the week with charts in pivotal positions. The rally in equities

The Best Trump Trade Wasn't Made In America

Geoff Bysshe | August 27, 2017

Sometime a picture says it all. This week’s Market Outlook commentary is simply the observation you choose to find in this chart. All politics aside (although they are likely the driving force behind these trends). The chart illustrates the percent change trends of key markets since President Trump’s inauguration.In an effort to avoid misrepresenting the longer time frame which should include election day, that time frame is also included so you can see how the

Feeding Frenzy For The Bears

Geoff Bysshe | August 20, 2017

Last week was a feeding frenzy for the bears. The Trump White House did a fine job of providing the bears with ideal feeding conditions with new and more outrageous controversies daily. The result was another week in which key indexes were pushed into further declines right into the end of the week, and right to the edge of key support. In the end, all news considered, the bears got their fair share of individual

Risk Off, Gold and Zombies

Keith Schneider | August 13, 2017

Global equity markets had a hiccup last week, precipitated by President Trump’s (aka the Twitterer in Chief) tweets, threatening both North Korea and Venezuela, saying the US military is “locked and loaded” and ready to attack if provoked. Those tweets stopped what was looking like a market melt up dead in its tracks, and unlike other tweet storms that ended being buy opportunities, accelerated to a nasty selloff- leaving the market vulnerable to further declines.

Risk On is Off!

Keith Schneider | August 6, 2017

US equities markets continue to churn, treading over swamp-infested waters, as the unemployment numbers improved again (4.3%) by dropping to the lowest levels since 2001, showing that a recession is not imminent (big positive). Speaking of the swamp: on Capitol Hill, Trump had another rough week as he was forced to sign the Russian Sanctions bill; while at the FBI, Mueller just hired a small army of investigators to take a gander into Trump’s finances.