The Dow has rallied over 3,000 points since the Christmas bottom (basis futures) and most indices are up 14 of the past 17 trading days. Financials have had their 2nd most rapid ascent in 20 years over a 15 day period. What’s more impressive is the psychology of the market…
President Trump campaigned in 2016 on making the US Dollar weak again to reduce the endless wave of record trade deficits with China. Clearly he delivered on that pledge throughout 2017 as the Dollar Index fell 12% and devalued almost 11% against the Chinese Renminbi (Yuan). While Trump delivered on…
Moribund Manufacturing data and slower growth guidance by Apple have exacerbated growing fears of recession, sending stocks plunging 3% on the January 3rd. However, exceptionally strong job growth and dovish support from Fed Chair Powell the next day sent stock soaring 4%. Making sense of the frequent news driven volatility is challenging,…
Concerns of an escalating US – China Trade War causing earnings downgrade contagion in 2019 has been a major factor in lower stocks prices. The benchmark SP 500 and Dow stock indices have just finished their 3rd test of the 10% correction support levels since the October 3rd record highs and one…
Now that cash holdings are beating the stock market gains for 2018, “Goldman Says It’s Time for Equity Investors to Boost their Cash”(11-20-18). Headlines from Goldman Sachs, Wells Fargo and many analysts warn that investors should not Buy the Dips and remain defensive. Anecdotally this is one of the more…
© 2019 Exec Spec. All Rights Reserved.
