The economy is finishing its eleventh year of continuous expansion with virtually full employment, no overheating and excellent levels of consumer spending and optimism. Stocks often move months in advance of earnings and GDP trends and currently appears priced for perfection and better growth ahead. The benchmark SP 500 Index…
Meltups and running stock markets refer to euphoric periods when equity prices rise rapidly and continuously without corrections. It’s a time when stocks can rise on negative news and technical indicators can remain overbought for an extended duration with less volatility. Classic longer term examples of this during our record decade plus…
On a gloomy Christmas eve one year ago the stock market had completed a 3 month correction into a panic low of more than 20%, equaling its largest decline of the past decade. After a tremendous rally in the first and a fourth quarters of 2019, the pulse of the stock market…
Often when US Presidents can score a single major legislative accomplishment during their tenure it’s enough for the history books. Reagan had the massive Supply Side tax cuts, Clinton passed the North American Free Trade Agreement (NAFTA) and Obama’s landslide election mandate gave us Obamacare. Trump made history with his…
Trump has 10 days to decide on approving or vetoing the House legislation on Hong Kong Human Rights Act (HR3289) which just passed in the House. This relatively toothless Bill is meant to embarrass the Chinese and President Trump, declaring China a Human Rights violator and daring the President to…
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