The Nasdaq is down big again, but I don’t expect it to last long — and more in Thursday’s stock market recap. Big sell-offs like the one we just saw in the Nasdaq on Wednesday tend to be reactionary and short-lived. So I expect to see this index bounce back,...
Momentum levels are rising and the Russell 2000 is set to break out as the bond market bottoms — and more in Wednesday’s stock market recap. Momentum is one of the internals I like to keep an eye on because it can help us identify whether the market is strong or...
It’s the last day for the Christmas rally as hedge funds prepare to resume trading — and more in Tuesday’s stock market recap. The so-called “Christmas rally” typically runs during the last five trading days of December into the first two trading days of January,...
Travel stocks are in trouble once again on the last trading day of the year — and more in Friday’s stock market recap. Cruise ships are taking a beating as the omicron variant continues to wreak havoc on the world. Even though omicron isn’t as deadly as other...
The January Effect has officially started to take hold as we approach the last full trading day of the year — and more in Thursday’s stock market recap. The markets will be open for the full day on Friday, Dec. 31. However, the bond market will close early. For the...
The bond market finally started to break down while the Dow approached a turning point — and more in Wednesday’s stock market recap. I’ve been short the bond market for a while now, and we’re starting to see the kind of action I’ve been predicting. The iShares 20+...
This week, the Consumer Price Index (CPI) came out, and despite the Federal Reserve insisting that the inflation we’re seeing is transitory, the numbers indicate that it’s here to stay. When the CPI was reported in October, we saw an acceleration. But now, it’s out...