I have commented on the totally surmountable Walls of Worry for stock indexes over the months. Every time, the Dip Buyers have triumphed by pushing the leading shares to new highs. But do we now have the Mother of...
Glory be! The Dow managed to eke out a slight new ATH yesterday at the 35,100 mark. But it was not on convincing strength – the advance/decline ratios were tepid at best. And get this – in the red...
Make no mistake, this has been a very important week technically speaking. More and more signs are aligning with my view that we are at or very close to major stops in several (unrelated) markets – including stock indexes. ...
I see that Branson and Bezos are about to go into semi-space with Branson first. Is this the ultimate ego trip? Can it tell us anything about the general state of supreme confidence in the future of markets?...
The US indexes are setting new records, not just in the price levels but in the succession of consecutive up daily closes. The S&P has closed higher in 11 out of the last 12 trading days – and that...
Last time I suggested the 10 May ATH in the Dow was likely a major top. Despite the market still trading well under that level, I am becoming less convinced a major sell-off is imminent. And in the meantime,...
I moved house last week (a process both frustrating and satisfying) and it took me a while to get back in tune with my markets. But when I did, I took one look at the stock index charts and...
The war on fossil fuels is heating up as the race to ‘net zero’ accelerates towards the finish line in 2050 (some want it sooner). Of course, this is conveniently nearly 30 years hence when most alarmists and politicians...
Stocks continue in their levitation mode. But of course, the ‘stock market’ is a market of stocks – some will be in full bull mode ( we are in some of these for our Pro Shares service), some in...
I have just come across an interesting take on the UK public’s response to the Covid pandemic that strongly concludes that FEAR was heavily and deliberately used by the authorities to manage a largely complaint public into shape. The...
I started to have ideas that consumer price inflation – suddenly a very hot topic – would likely start to ramp up last Spring/Summer when the US grains (Wheat, Corn, Soybeans) were plumbing new lows and on the verge...
Here is a test for those who believe it is the economic data – the fundamentals – that drive share prices. On Friday, the latest US jobs data for April was released. This is one of the most closely...