Finally, an UP day for banks!
The KBW Regional Bank Index (KRX) is currently up over 2.8% today, and on track to close higher for the first time in nine trading sessions. We found that a…
Read MoreBullish sentiment increased in the prior week
The report out today from Investors Intelligence showed bullish newsletter writer sentiment ticked higher for the third week.
Read MoreDJIA closes at new record high. SPX, Nasdaq & RTY all lower
The Dow Jones Industrial Average (DJIA) outperformed the broader market today, gaining 122 points (0.46%), and set a new record high. This marks the 14th new closing high for the…
Read MoreFinancials remain weak. Relative strength near a 2-year low
The S&P 500 Financials Sector is the worst performing sector today, trading down 0.51%. The relative performance remains weak as well. The chart below shows the relative performance of the…
Read MoreThe Day Ahead, Tuesday October 2nd
Following a Monday that saw markets sharply higher on news that the United States, Canada and Mexico reached a new trade agreement, Tuesday features a one-day lull in economic data…
Read MoreA good start to October is positive for the 4th quarter
Despite giving up much of the early session gains, the S&P 500 Index (SPX), still managed to close higher by over 10 points (+0.36%). A strong first trading session of…
Read MoreThe Economic Week Ahead, October 1st
Although the “New Nafta” agreement is likely to create an early lift to the markets this week, we expect an important week for economic data to add a bit of…
Read MoreFriday “brain cramp”
Back in the office for the first time in a while today, and was immediately greeted with a number of solid investors asking about the potential for a pullback. There…
Read MoreThe Day Ahead, Friday September 28th
Today concludes what has been a busy week with two more key consumer-based data releases. Earlier this week, the Conference Board reported consumer confidence was at an 18-year high. We…
Read MoreThe Day Ahead, Thursday September 27th
Wednesday saw the FOMC raise rates as expected and a removal of the word accommodative from the statement, which initially sent stocks and Treasury Yields higher, but then reversed course…
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