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Rolling with it. Equity markets were able to float into a positive close yesterday, though the animal spirits of prior sessions took a well-deserved break. On a quiet, low volume day the S&P500, the Russell 2000, and the NASDAQ 100 indices all eked out new highs yesterday and Dow Jones came to rest...

Flying high. Both the S&P500 and NASDAQ 100 closed at new highs yesterday helped along by the announcement of a US Mexico trade deal… of course momentum helped a bit as well. The S&P500 muscled to a new high once again yesterday closing just below its intraday high as traders pressed down on the...

Happy Days! The S&P500 is back on top! Fed Chief Jerome Powell said just enough to spur the large cap index to elevate itself to a new high close. Interestingly, Powell really didn’t provide any new revelations. He actually repeated his typical party line of methodical rate hikes with a slow...

An object in motion stays in motion. A well known quote from Newton’s first law. The lesser spoken part of that law states that the object stays in motion unless acted upon by an unbalanced force. I am not sure if Newton was writing about equity markets, but that certainly appeared to be the case...

Sitting Bull. No, not the famous Lacota Leader of Little Bighorn Battle fame. I am talking about the market, of course. Yesterday’s news cycle was a battle between, what many were calling, the longest bull market in history and the beltway turmoil caused by the Manafort conviction and the Cohen...

What’s in a number? Well, if that number happens to be the all time high set by the S&P500 Index back in January, it might be the number that traders aim for when attempting to spur a me-too rally causing the crowd to rush in for fear of missing out. That number at the start of yesterday’s session...