I have in my many years never witnessed such fractured stock markets as these. Many US indexes are advancing exponentially and are making new ATHs while at the same time, the internals are flashing a deep red. For instance, the number of new highs are
The Marvellous Magnificent Magic Seven rules! Forget the rest (except my favoured uranium sector. of course!) – the M7 is just about the only game in town. Despite dotcom-type measures of valuation (P/E over 50) the shares surged last week to new highs. And just
Stocks (some at least) powered even higher and my comparison with Everest is highly appropriate. The Dow last week made a new ATH just poking above the Jan 2022 37,000 high. But that was the only major index to do so – the Russell 2000,
As we head into the New Year, most of us look back on 2023 and assess our performance in the markets we choose to trade. And also look forward. Do we keep to our winning strategies that served us well and ditch those that didn’t?
I confess the post October 27 stock rally has been a major surprise to yours truly, not so much in form or timing but in scale which has been huge. But the form of the waves off the November 2021 ATHs clearly point to it
The Nasdaq has advanced an astonishing 60% this year in spite of a huge spike in interest rates. I see that last week, US financial advisors made their largest stock inflows since at least 2016 – the vast majority into the Marvellous Magnificent Seven. These
Long time readers will know I have been a major sceptic of the plan to electrify everything on the misguided mission to outlaw fossil fuels. In fact, it has the potential to bring down economies – and many governments. My stance is not because of
Are you thinking what I’m thinking about the craziness of today’s Western societies (and markets)? Last week I commented that the world of finance is bizarre when bad news is good. This was demonstrated once again last week when the US job openings data cane
