When I look at Thursday’s rally, I am beginning to realize that we have become so binary and so up close that we have lost our ability to think about what matters. The big fish data got caught among the minnow minutiae and we ended up with ridiculous rallies that …
It’s hard to complain about the stock market’s first half performance and how it sets investors up for the rest of 2024 – hard, but not impossible. A 15% year-to-date total return in the S & P 500 is the 21 st best run through June since 1900, according to …
Whatever the ultimate diagnosis for the market’s present condition, symptoms include “mild discomfort with intermittent fever and chills.” For sure, its overall condition is healthy, in the most broadly observable respects. The S & P 500 made a new record high, its 25 th of the year. The index has …
From relentless rally to persistent pullback, five straight winning months without a 2% decline were then followed by three straight down weeks, featuring a rare six-day S & P 500 losing streak and five successive sessions last week of failed intraday rallies. As with all market retrenchments from a record …