While the bears came out on top on Wednesday, they were trampled in Thursday’s session. The modest premarket rally turned into a free for all to the upside once the…
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Investors were leaning the wrong way into the midterm elections. The prevailing sentiment was that the Republicans were going to take control of both the House and Senate and alter…
The net change on the day for the S&P 500 index futures, a 19.75-handle gain at 3835.25, does not reflect the kind of day it really was. To begin with,…
Investors got what they wanted, which was a bad job number or a higher unemployment rate. That may be an indication the Fed will reevaluate its pace of interest rate…
As expected, there was a follow-through in Thursday’s session to Wednesday’s thunderous decline. The extended retreat that began in the premarket continued into the regular session. Although the S&P 500…
The market wanted you to think it was going to pivot on its outlook for interest rate hikes. The S&P 500 index futures made many investors think the somewhat benign…
The premarket and the regular session were polar opposites. During the premarket session, the S&P 500 index futures reached the highest level since September 19. It flirted with that area…
Following the monster rally on Friday, which continued into the after-hours session, there was some mild profit-taking in Monday’s session. The after-hours buyers got stuffed on Sunday night’s open and…
If you are a mega bear, you have to be scratching your head at this week’s, and in particular, Friday’s price action. With four of the top five guns in…
When the top four components of the S&P 500 are all mega-cap technology stocks (Apple Inc, Microsoft Corp, the combined Alphabet Inc., and Amazon.com) it is difficult for the index…
