What’s Driving Stocks?

Posted on Sunday, November 10th, 2019

As you know we have postulated for almost two years that we were in a holding pattern for stocks. November has shown some promise in breaking out of that slump but there are still some key segments of the market that are struggling to break out to new highs – those being Transports and small… read more.

Decision Time

Posted on Sunday, November 3rd, 2019

Zero earnings growth, falling PMI’s and slowing GDP growth are not indicators of high times around the corner but here we go. The market has been moving sideways for 22 months – since January 2018. Perhaps, Friday was the day of the breakout. I think I need a bit more convincing as markets are stretched… read more.

Lowering the Bar

Posted on Sunday, October 27th, 2019

The past two weeks have been filled with earnings reports, trade deal rumors and central bankers making speeches. While earnings reports have stepped over lowered bars for success earnings are still down 5-10% year over year which at presently elevated valuations should have been a bit more painful that it has been. Given that, the… read more.