NOTE: this commentary was written overnight. However, due to technical difficulties could not be published until midday today. Please accept my apologies for any inconvenience. For the month of January 2019, the Standard & Poor’s 500 (SPX) rose 7.87% after declining 9.18% in December 2018. The index remains 6.79% off its all-time high set on […]
Without a doubt, this week will be as it gets to likely determine the trajectory of the markets for the rest of the quarter and perhaps the rest of the year. While the naïve course of action is to focus on fourth quarter and full-year 2018 results, smart eyes will be on guidance. After all; […]
For the last fifteen years, both fall and spring semester, at the Seton Hall Stillman School of Business, I have taught a class titled: Securities Trading and Financial News. The course description per the university catalogue is: Analysis of the impact of financial news and events on the prices of securities, including technical analysis, fundamental […]
Another year has come and gone. 2018 was in many respects, from an economic perspective, a carbon copy of 2017: rising employment, increasing earnings, improving consumer confidence, tightening Federal Reserve, and reduced government regulation. For three quarters of the year, the stock market rose in concert with the positive economic backdrop. Then the bottom seemed […]
As 2018 began, I published My Gut Feeling For 2018. Now that 2018 is in the books, I wanted to look back at how my expectations and predictions fared in 2018. Recall these predictions were made in the spirit of the old Wall Street Week with Louis Rukeyser show in that they were fixed a year […]
Every year since 2002, I have closed out the year with my satirical look at the world through the eyes of a professional investor/writer poking fun at what has transpired in our global society during the year about to end. The year 2018 has brought forth its own unique series of unexpected news, celebration, joy, […]
Recall that I was looking for four events to occur for the stock market to get back on its rails and end the Great Correction of 2018. Those four were: 1) China and the US would settle trade tensions. Both nations agreed after the G-20 to suspend further tariff increases and work on a trade […]
Over the weekend, as a result of the G-20 meeting, the United States and China agreed to a deal in which the nations would defer the implementation of additional tariffs for 90 days and work during that period on a new trade agreement which would also tackle intellectual property issues. As a result, on Monday, […]
There is no doubt that the recent two-month correction has been quite painful for investors. Every correction has its own unique “explanation” for the decline. Not only does it vary, but it is unpredictable. This time around there appears to be several theories for the decline. One theory I have already discussed, is that of […]
“It’s just another manic Monday I wish it were a Sunday That’s my funday An I-don’t-have-to-run day It’s just another manic Monday” — The Bangles “Manic depression is searching my soul I know what I want But I just don’t know How to go about getting it” — Jimmy Hendrix The markets […]
