On January 31st we gave the following warning about the Risks being real. “We are witnessing an extremely stubborn decade-long bull market and the very powerful force of the herd on the move. The perspectives and assessments of the horizon (“cognitive eyeballing”) are distorted. Investors no longer seem to be able to properly assess the […]
Global Stock Market Carnage Read More »
Market Summary: The long and the short of it. Stocks finally woke up from their complacent march higher and began to catch down to the reality in the bond, currency, and commodities markets. The reality that the corona-virus has not evaporated but instead virus counts have exploded higher, rattled global investors on Monday. Investors that
Market Summary: The long and the short of it. The World Health Organization (WHO) declared the Wuhan coronavirus a “public health emergency of international concern.” The markets took this news as good-bad news. The stock markets, which tumbled on Thursday due to the rising death toll in the world’s second-biggest economy, steadied slightly on Thursday
Market Summary: The long and the short of it. U.S. markets: President Trump tossed a spanner into the markets on Friday. Confirming Peter Navarro‘s warnings, the President tweeted that he has not agreed to rollback tariffs with China, thus refuting Larry Kudlow’s comments. Navarro 1:0 Kudlow. The markets subsequently fell at the open and it
Market Summary: The long & the short of it. Most global markets rallied again yesterday on the contradictory comments from the U.S. and Chinese trade negotiators. The financial press decided to highlight the positive narrative and run with more optimistic comments. The S&P 500 nudged higher for another record finish at 3085 for a gain
Market Summary: The long & short of it. Stock markets opened positively in morning trading with the S&P 500 holding its head above the psychological 3000 mark, only to give up gains in afternoon trading and finish the day at 2995 or a loss of -0.36%. The New York Composite (NYA) mirrored the action of
Market Summary: The long & short of it. Stock markets ripped higher on Thursday, propelled by the “Resumption of Trade Talks”. The S&P 500 extending it gains from yesterday to close at 2976 and a gain of 1.30%. The New York Composite followed suit with to close at 12,917 and a gain of 0.95%.
Market Summary: The long & short of it. Stock markets rallied strongly again today, shrugging off the disappointing August ISM Manufacturing (PMI)* data from yesterday. The PMI for August was the lowest seen since August 2016. The S&P 500 finished with a healthy gain of 1.08% to close at 2,937.78, while the New York
August 2019 – The long & Short of it. Stocks Markets did very little last Friday and drifted sideways to finish the week higher by a healthy 2.7% on the S&P 500 at 2,926. The New York Composite (NYA) finished higher by 1.23% at 12,739, leaving both Indexes near the upper end of their August