Feb 29, 2024
Stock buyback activity is on pace to reach new, all-time highs (and it's only the end of February!) One reason for the gap between large-cap companies and small- and mid-caps is bigger companies' ability to pour cash into buybacks. Will election season cause Wall St. to reduce risk? GDP and Consumer Sentiment numbers...
Feb 29, 2024
(2/29/24) Markets are operating in a very narrow trend channel; the sell-off on Wednesday occurred when markets touched the top of that channel and backed off, like clockwork. Markets have continued to stair-step higher like this ever since November. The MACD indicator, at an over-bought level, continues to trade flatly...
Feb 28, 2024
Markets continue to trade sideways as the latest earnings season draws to a close. Stock buy-backs will continue for the next three weeks, and then halt in preparation for the NEXT round of earnings reporting. Warren Buffett on buy-backs: Need to occur when companies are under-valued relative to markets for optimal...
Feb 28, 2024
(2/28/24) Market futures are not doing a whole lot this morning, which has been the story for stocks the past few days: Small- and Mid-cap stocks look improved in the short term with the recent sideways consolidation. But there is a very big lag between large-cap stocks and the rest of the market. Speculation in...
Feb 27, 2024
Preparing for this week's economic data releases; what the Fed looks at for Inflation; earnings season concludes with good beat-rate...on lowered expectations. Dow Theory theory and Amazon's joining the S&P 500: When does Nvidia enter the index? Analysts are raising targets for the S&P to 5800 by the end of the...