The S&P 500 is down 9 points to 1991 and is now slightly lower on the week. Here’s why: The market is pricing in a fresh round of Russian sanctions after the escalation of the conflict in Eastern Ukraine The … Continue reading
The S&P 500 is 0.95 points higher to 2001.05. The index closed above the 2000 level for the first time ever yesterday and has risen in 10 of the past 13 sessions. Month-end flows are a driver today. We could … Continue reading
The S&P 500 has slid back to 1996 from as high as 2001.95. The index has gained in 9 of the past 12 trading days. I think stocks and the US dollar look vulnerable in the near-term. Expectations are for … Continue reading
The S&P 500 continues to make fresh highs at 2000.95 but other signs in the market aren’t nearly as sanguine. Treasury yields remain in the doldrums but the clearest sign might be strains in the carry trade. NZD/USD hit the … Continue reading
The S&P 500 hit 2000 for the first. Meanwhile, Yellen is still acting like the US is in crisis.
The S&P 500 climbed 9 points to a record 1998 shortly after the open. The index is up nearly 5% since August 8.
The stock market has risen in 8 of the past 10 days and is battling for another day of gains. The index is at 1992 after falling as low as 1984. A weekly close above the previous record high of … Continue reading
The S&P 500 closed up 6 points to an all-time record 1992.38. Since the bottom on August 7, the index is up 4.6%. Here’s what I wrote that day. The market is conditioned to fear Fed hikes but I think … Continue reading
The S&P 500 is near the highs of the day at 1987 after falling to 1979 on the FOMC minutes. The better risk appetite is pulling the US dollar away from the highs against the commodity currencies but is keeping … Continue reading
Build a stock screener that shows the effective tax rate of large, multinational corporations. Buy the shares of all the companies paying the most because in a year or two they’ll figure out how to pay next-to-nothing. All the money/profit/regulation … Continue reading