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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...

Something’s gotta give. Yesterday, being a quiet news day, allowed traders to follow on positive sentiment and rally equity indices and bonds (yes you read it correctly, bonds). The day started with some M&A news as Pepsi announced its intention to acquire SodaStream and the news was followed by...

Weak week. Last week was one marked with weakness in foreign currencies, weakness in the case for sleep-deprived tweeting (see Tesla), and weakness in the sectors that have done the bulk of the pulling of equity markets in the currently shifting market regime. What was not weak last week were...