Technical market condition edging into overbought zone: Stocks are up in Arms over the elections. That is, the ubiquitous Trading Index in financial circles named after Richard Arms in 1967, continues to accurately identify areas of oversold and overbought conditions in the stock market. The Arms Index or TRIN compares…
THE topic of 2020 and beyond is the response to the Covid 19 pandemic. The Government lockdowns devastated the economy and stocks. Fiscal and monetary stimulus boosted the economy and stocks faster than anyone expected. Global Governments created a micro Depression in March by shutting down the economy and then…
Only twice in the past 92 years have we had stock market gains in the 3 months prior to the Presidential election where the incumbent party lost. Given the Black Swan event of a pandemic and an estimated 50 Million+ mail in ballots and early voting likely, our confidence levels…
In 2016 both political parties powerful polemic against the FBI led to one of the more controversial elections and transfers of power in history, leading to four years of investigations that continue today. Many expect 2020 to provide even more fireworks and uncertainty. In both elections there has been a…
As the election countdown approaches, the stark contrast in the opponents and uncertainty of a clear quick outcome have escalated. Stocks peaked September 2nd and have been in a corrective mode throughout much of September. Our September 2nd ExecSpec letter indicated a possible immediate top with a drop into mid…
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