As bad as the prior week felt, the 5 trading days ending Friday February 9 were even worse with the S&P500 experiencing two selloffs approaching of around -4% each on Monday and Thursday; the 2nd brought the peak-to-trough giveback from January 26 to more than -10% and crossed the threshold for what is technically defined […]

It was both long overdue and arguably healthful that the market experienced a noticeable pullback last week (and that appears to be bleeding into another). The S&P500 skidded -2.1% on Friday and ended the week roughly -4% below its January 26 highpoint. In virtually all our writings and conversations over much of the last 6 […]

US Equities again surged higher during the trading week ending January 26 with the S&P up another +2.2% and now a staggering +7.2% higher YTD. Thats getting close to what many strategists expected might be the full-year result in just 1 month; with just 3 trading days remaining January looks to be one of the […]

The melt-up as it is being more widely referred to, continues. The S&P, Dow, and Nasdaq each logged new highs adding roughly 1% each during the week ended January 19. In the just 13 trading days since the New Year began, the 3 major indexes are all up between +4.8% and +5.3%; a pace that […]