Mar 28, 2024
Consumer confidence for stock prices remains high, despite mixed econonic data. Asset prices are rising faster than earnings, as optimism is extremely elevated. Equal Weight Index is underperforming the S&P; Bond prices are improving. If Fed Chairman Jerome Powell doesn’t appreciate the difference between financial...
Mar 28, 2024
The Equal Weight Index has begun gaining traction, closing the
gap with the S&P.
Mid-caps have actually out-paced the Equal Weight Index, but still
lags the S&P. Small-caps are the biggest laggard, still. Bonds
have been picking up in price nicely of late, pushing up above a
clustering of moving averages, creating a...
Mar 27, 2024
The Sentiment Index is hanging in, despite weakening regional surveys; economists see no recession in sight; bank reserves have been rising since October 2022. End of quarter rebalancing is generating some activity; after three-days of selling, market futures are positive this morning. Watch markets' steep angle...
Mar 27, 2024
The end of the month of March marks another round of quarterly rebalancing in portfolios. Markets have remained within a well-defined trend channel for the past few weeks. After selling off for ther past three days, futures this morning are pointing a little higher. The markets' angle of ascent continues to be...
Mar 26, 2024
Baltimore Harbor is closed following the collapse of the Francis Scott Key Bridge, hit by an out of control freighter. Weaker Regional Economic Surveys are in contrast to economists ratcheting-up growth expectations: No one is expecting a recession. Liquidity continues to boost bullish mood on Wall Street. The market...