SUPPORT at Long Term Average 220528

The 7 week losing streak was broken this week, with significant moves higher by all indexes.  This is encouraging because often the Markets move lower ahead of a long holiday weekend.  It’s also encouraging because the move higher occurred without an announcement of material good news.  In fact, the news is just dreadful- no endContinue reading “SUPPORT at Long Term Average 220528”

Sky is falling as interest rates rise

Happy New Year The stock market is starting out the year as it will likely end…volatile and profitable. Today there was a continued sell off in the Market as the 10 Year Treasury rose above 1.8%.  I’m not sure why rising interest rates are such a surprise to anyone.  Despite the volatility, quality companies areContinue reading “Sky is falling as interest rates rise”

Fear of recession greatly exaggerated

Multiple forms of uncertainty have converged to spook the stock market to its deepest correction in a decade.  A full bear market could occur with the next major support level at S&P500 2300. Where’s the bottom?  I have no idea.  What I do know is that at some point, there will be a bottom andContinue reading “Fear of recession greatly exaggerated”