This note is going to go into some of the more granular, monthly technical work that we do, but with technicals being an important ‘building block’ in our investment process... read more →
We hear this question a lot; and most of the time it is a foregone conclusion that we will revisit the 2022 stock market lows. War, recession, the Fed, regional... read more →
There is certainly a lot happening in the financial markets right now. It is more important than ever during times like this to step back and focus on what we... read more →
Recession, earnings, the Fed, ongoing war, housing concerns, debt ceiling, over-valuation…. The gloom can crush you. Don’t listen to it. Look at the data: S&P 500 price is above the... read more →
The 200-day moving average (ma) is no silver bullet; but as we reflect on price movement over the last few months it does provide us with pieces to the puzzle.... read more →
How historic was the move in equities yesterday? The chart below shows the distribution of returns for the S&P 500 going back to 1962. The S&P 500 gain of 5.54%... read more →
As of Friday, November 4th 83.5% of S&P 500 companies have reported Q3 earnings. How did the quarter go, and what have we learned? Let’s look at a few charts.... read more →
Inter-market relationships have been much more important for stocks than in past years. I have been highlighting in meetings, and most recently in the quarterly investment call, that the US... read more →
When positioning is historically bearish you get reversal days like we saw yesterday. Intraday, the S&P 500 moved from a low of 3491 to a high of 3685 which is... read more →
We talk a lot about breadth because ‘participation’ to the upside is vital for a sustained move higher. We want to see the majority of troops following the general! Additionally,... read more →
