A number of the market based measures of risk taking that I follow have showed strong moves over the course of the 2 month rally we’re now experiencing. The guys at BeSpoke Investment have a chart showing that spreads between…
Google (GOOG) has made about a 25% move, from below $500 to around $610 at the close today, over the last 8 weeks (since Thurday August 16th) (Chart). What’s interesting to me is that Google itself hasn’t really reported any…
“It’s amazing, the difference in six weeks.” – Alan Lancz, Director, Lancz Global Well it finally happened: The S&P took out it’s all time closing high closing today at 1558. The Dow is like 20 points below its record close from Monday. Financials are…
Homebuilders have been on fire this week mainly, it seems, on the strength of a Monday upgrade by Citigroup Homebuilder Analyst Stephen Kim. Check out the moves in some of these builders (as of Fri 10/5, 1pm EST): KB Home…
“When the Fed said it would do all it takes to prevent a financial crisis, the market reaction was: ‘What’s to worry about? It’s all good’. That’s pretty much the way we feel.” – Linda Duessel (subscripton required), Market Strategist, Federated…
On the strength of upgrades yesterday from Citigroup Homebulder Analyst Stephen King and then an “interesting” interpretation of today’s pending home sales number, homebuilders have staged a nice 7% bounce over the past 2 days (Chart). The bulls sure are…
Really there wasn’t too much to be excited about today. But that didn’t stop stocks from putting in a nice up day approaching their record highs: Dow: +100 to 13878 (July 19 record: 14000) S&P: +8 to 1525 (July 19…
One of the most interesting articles I read this week was an observation by the ever insightful Mark Hulbert that we’ve had three 9 to 1 up days in the last 3 weeks: Friday Aug 17, Wednesday Aug 29 and…
The market is bouncing around a lot, up big one day, down big the next, on not a lot of news. For example, last week it was down big on Tuesday, up big on Wednesday. It was up big yesterday…
The Core Personal Consumption Expenditure (PCE) Index came in 1.9% (pg. 12, Table 11) higher for July than it was 12 months ago. That is within the Fed’s comfort zone of 1-2% – for the third consecutive month. Combine that…