As hard as it may be to believe, there are just 9 trading days remaining in 2017. Most notable is that through the first 242 trading days of this year, the worst S&P drawdown was a benign -2.8% decline. That hardly-sinister setback is the second skinniest calendar year correction ever (1995 was the narrowest). And […]

The final trading week in November was decisively positive for US equities; in fact on Thursday the Dow achieved its 5th 1,000 point milestone by crossing the round number of 24,000 and was led by financials and transportation companies in what is ordinarily a signal of fundamental economic strength. The Dow actually concluded up +2.9% […]

US financial markets saw riskier assets, those including equities and lower quality corporate bonds, come under pressure at the start of last week as the utopian backdrop of low inflation, real interest rates, and economic volatility were all put into question following two key data points (CPI and PPI). These better readings, amplified by a […]

After 8 consecutive positive weeks for the S&P, the index suffered its first weekly loss since early September. Make no mistake however, the -0.2% giveback for the S&P500 and Nasdaq on the week was anything but panicky (Dow off -0.5%) and probably does little to change the broad perception that markets have not experienced any […]