Tale of the Tape: Q1 Round-Up Edition Good evening folks. The first quarter is in the books and it was multi-vehicle wreck. The S&P 500 fell just over 20%, oil fell close to 70%, and the 10 year treasury yield fell below 1% for the first time since the founding of this great nation. Energy … Continue reading Q1 Was a Wreck

Tale of the Tape Good evening folks. Stocks shook off Sunday night’s weakness in the futures and rallied with gusto, following through on last week’s gains. Investors are relishing this as we move back from the ledge just a bit more. The S&P 500 closed up 3.35% to 2626, a full 17.4% above the low … Continue reading Even Art is Disappearing

The Weekend Rip 3/29 Last week was another record week. This time, it was “The Best Week since 1938.”  As Ben Carlson points out, these things happen during crashes. Many of history's great crashes have exhibited head-fake rallies that offered investors a false sense of hope that proved to be fleeting. During the Great Depression … Continue reading The Weekend Rip: Head Fakes & Dead Cats

Tale of the Tape Good evening everyone and welcome to the weekend! It's been a long week so pour yourself a cold one and have a good read. The S&P 500 closed 10% higher this week but today we gave up the majority of yesterday’s big gains. The market was especially weak late in the … Continue reading Still a New Bull Market?

Tale of the Tape You may have heard that we are in a bull market now because we are 20% off the lows. Well, sure. Say what you may, it looks like we are still in a downtrend. Who knows though, place your bets...  The Dow is up 3960 points or 21.3% from Monday’s close. … Continue reading Bull Market? Maybe We’re Just High

Tale of the Tape Good evening, folks.  We finally did it! Sort of. For the first time since February 12, the S&P 500 closed higher two sessions in a row. It was beginning to seem like we would never make it, like Lucy pulling the football before Charlie Brown kicks it. It seemed like we … Continue reading Two In a Row*

Tale of the Tape Hallelujah people and good evening. Today was the 10th best day for the S&P 500 and the 4th best day for the Dow in history.  The stock market gapped up and extended throughout the day. All sectors closed in the green and recent laggards led the way higher. Energy was up … Continue reading Real Love or a One Night Stand?

Tale of the Tape Good evening, folks.  Today saw a mild sell-off relative to the recent price cascades we've experienced almost daily as of late. The S&P 500 only fell 2.93%. If this would have happened a few months ago, we'd have been screaming murder but today this is almost a win. Funny how price … Continue reading Infinite QE

Weekend Rip 3/22 The last 4 weeks have been a cascade lower and the S&P 500 is now down 28% for the year. Here’s a weekly candle chart of the index. S&P 5002,304-14.98%Nasdaq6,994-12.51%Russell 20001,013-16.22%Dow Jones19,173-17.30%Weekly percent changes  Coronavirus Aid Bill More details on the coronavirus aid bill have been released. Here’s the latest as of … Continue reading The Weekend Rip: Making the Best of It

Tale of the Tape Good evening, folks. Stocks blew it today like the Atlanta Falcons 28-3 halftime lead. Have a peek at the weekly S&P 500 chart below. The velocity of this decline has been stunning. In 4 weeks, we’ve given back 3 years of a raging bull market. The most frustrating part today was … Continue reading The Worst Week Since ‘08