Perspective on debt – new video!
While it is popular to worry about debt, I wanted to give my perspective on top of our Macro post earlier today.
Read MoreMorning musings and a new pet peeve
Good morning. Lot’s of miscellaneous items this morning:
Read MoreTactical indicators update
The four major equity indices were mixed last week, although the S&P 500 Index (SPX) inched to an all-time high with a 0.7% gain for the week.
Read MoreA good week for the SPX and Nasdaq
Strength in technology stocks and stronger than expected economic data this morning helped the large-cap equity indices shrug off some early weakness and close near the highs of the day.
Read MoreBad breadth
As evidence the market has been correcting internally as Tony said this morning, the market breadth readings are negative across the board even though the overall market is relatively flat…
Read MoreExisting-home sales jump by the most on record
Without a doubt, the housing market has been a bright spot during this recovery.
Read MoreU.S. Markit PMIs strongest since Q1 2019
Markit composite PMIs reported out of Europe earlier this morning were generally weaker this month than they were in July, but that wasn’t the case for the U.S. data.
Read MoreCorrection already happening internally
While so many are focused on the potential for a correction, they are missing the point that throughout this entire week the market has already been correcting.
Read MoreFourth straight new high for the Nasdaq
The major indices opened lower today, and the selling was broad-based at the opening bell.
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