As I expected, the day after the across-the-board Republican election victory, the markets, that is the S&P 500 (SPX) and Dow Jones Industrials (INDU), rose to new highs. However, defense and aerospace stocks declined, which is contrary to conventional wisdom after Tuesday’s news. As a result, we sold our positions in Raytheon (RTN) which was […]
It was another teeter totter day – higher open, then sell-off into the red followed by a positive afternoon closing. All told, the bulls won, but by a modest amount. The risk-on stocks led the advance. S&P 500 Up On Nine Consecutive Mondays Despite historical averages, the S&P 500 (SPX) has advanced on nine consecutive […]
The markets continued to try to gain back its land legs with modest advances on Tuesday. After the markets closed in the US, Turkey announced a doubling of its interest rates, sending the Turkish Lira higher and putting a bid into US equity index futures. However, the advance in futures dissipated overnight and turned to […]
Boeing (BA), Yahoo (YHOO)You might be thinking that the investment news so far this year is that the major indexes have fallen in the first three trading sessions. There is the theory that some belated or deferred selling took place on the first trading day of the year, which has some merit. There is also the fact that […]
Jet Blue (JBLU), ProShares Ultra Short Gold (GLL)