Since the mid-October lows in the indexes, stocks have rallied sharply on bullish expectations for 2023. These have been based partly on what the Fed may do to temper their rate hikes on the back of falling inflation. This new-found optimism from the depths of
Many of us have been expecting a stock market crash for some time, but the reports of its death have been greatly exaggerated – at least since February. While I believe that scenario will come to pass, in the meantime the rally continues, but on
I continue to be amazed at the lack of understanding out there on how markets really work – and this is among professional money managers who should know better. I wrote to my VIP Traders Club members this morning with this quote from AEP in
Who remembers the 1980s British TV series Tales of the Unexpected? They were stories with an unexpected twist at the end – and the stock market story of 2017 could well have been one of them! This Year of the Unexpected finished with shares coming
Yesterday’s volatile stock market action was telling. For the first time in weeks, the Dow suffered a significant fall – but then recovered. The VIX Volatility Index was likewise volatile (sharp up and then sharp down) The news items that emerged were that a former
Last weekend, I made a case that a major high was near in the US stock indexes such as the Dow, S&P and Nasdaq. That was a pretty timely call! For lo and behold, in overnight trading on Wednesday morning, that was precisely what it
The US stock indexes have long been widow makers for the bears. Anyone shorting them, especially after the Trump win last November, have been crucified. But is it time to seriously consider the end is nigh for the most stupendous stock market rally in recent
I half-jokingly posted the Barron’s 30,000 Dow cover as an example of the over-reaching and unrealistic manic bullishness of sections of the media towards the stock market – and total belief in the Trump Bump. But last week’s strong performance has wiped a little of
Many pundits are calling for a ‘melt-up’ in US stocks because of the game-changing Trumpanomics about to be unleashed on the US economy. And since the election, stocks have indeed shot higher in anticipation of the tax reduction/infrastructure spending that Trump has proposed. Here is
