INSIGHTS
DEC
9
WEEK AHEAD...
Fridays robust movement was a little unexpected because any positive data we have received in the last six months has been met negatively. Seeing the unemployment rate recede to a five-year low, no matter how contrarian the market has been acting lately, is great news. Since the Fed’s target unemployment rate is around 6-½%, these numbers are a...
DEC
2
WEEK AHEAD...
We have been away two weeks and not a thing has changed on the economic landscape. We are still waiting for the inevitable tapering and our government is spending millions on something that three smart kids from Harvard could put together in their sleep, a functioning website. The markets don’t appear ready for another push higher or that highl...
NOV
11
WEEK AHEAD...
Strong jobs growth like we had on Friday would normally propel the market much higher but this is not a normal market. The natural order of things is being disrupted. By this we mean that good news is bad news and bad news is good news as far as equities are concerned. When the economy looks to be on a firmer footing the money is taken off the t...
NOV
6
WEEK AHEAD...
The S&P is once again in record territory and it’s almost a yawn now because this index has been topping itself off and on for over a month. How high will it go? Good question and one person’s guess is as good as another’s. We think that 1900 is possible by Mid-January and that probably is conservative. There are several continued fundamen...
OCT
21
WEEK AHEAD...
The week ends and we see records dropping in most of the major indices. The narrowly averted disaster in Washington is being credited with the rally but we believe it is a little deeper than that. As we have previously discussed, the market never truly believed that there wouldn’t be some sort of short-term resolution. If it had, we would have s...