As the sun sets on the month of August, before we enter this penultimate trading day, the Standard & Poor’s 500 (SPX) is off just about 1% for the crazy eighth month of the year. We had some exogenous events to contend with – Hurricane Harvey and the North Koreans firing missiles once again. However, […]
The best way to describe this week’s market action, is in terms of the late great Muhammad Ali. Ali’s weaving and bobbing was called the “Rope-a-Dope,” in which he danced like a butterfly, avoiding any devastating punches from his opponent. Since Monday. the market has been in Rope-a-Dope mode, shuffling from side to side, scoring […]
In a photo finish the S&P 500 (SPX) declined for the first time on a Monday since early April. The day’s decline was a paltry 0.01%, nothing worth pulling one’s hair out over. Yesterday’s market action was typical of the recent strength of the equity markets which is characterized by shallow pullbacks and streaky advances […]
The stock market really surged from the get-go yesterday with the S&P 500 (SPX) making an all-time high on an intraday basis and then backing off to close slightly below its all-time closing high. I would not get all hot and bothered over the profit taking that took place. As for today we are set […]
