What to make of a record-setting market rally that elicits more mistrust than fear of missing out? The S & P 500 has made an all-time high on nearly thirty days this year, four of them this past week. U.S equity wealth has never been greater, and the index path …
The stock market is not a democracy. But observers nonetheless like to warn in grave tones that a lack of broad participation by the majority of constituents can create a leadership crisis. Yes, investors are back to worrying about the relative narrowness of the latest phase of the indexes’ advance. …
The ideal fix for a market that’s traveled too far, too fast, is for it so slow down and back up a bit. This, by most appearances, is the story of the past six weeks on Wall Street. The five-month, 28% sprint from the October correction low to the record …
Was that a change in the market’s character last week, or is it still the same old bull? Thursday’s late air pocket in the indexes makes the question at least worth asking. The setback in the S & P 500 ended an unusually long streak without at least a 2% …
