We thought we would focus on the bull case a little. The earnings report from Citigroup for the 4th quarter reported on Monday was a relief from the market that it was not worse. C did a great job managing expenses, revenues were much lower than expected, and the stock rallied about 4%. Please click…
Read BlogWe are off to a strong start so far in this very early part of the new year, up about 4%, with the bond market about flat and the S&P 500 up about 2.7% through January 8th. It seems we may have one of those very strong years for our strategy. Please click the link…
Read BlogSo, what we know is we entered a bear market, we discussed bear markets in the previous week’s note. The market has rallied almost halfway back, now up 9% from the bottom and off over -13% from the high. As we also said last week that we thought we would get a rally, we did,…
Read BlogThe S&P 500 fell -6.2% last year and if it was not for a big surge the last week of the year, it would have fallen by roughly -10%. The S&P 500 fell into bear market territory by falling by over 20% in 2018 from high to low. Please click the link below to continue…
Read BlogThe action in the market sure feels like the trading of a bear market. There is such severe pressure on all stocks, and for that matter commodities as well. Being in the money management business for over three decades this certainly feels like a bear. Please click the link below to continue reading: Market in…
Read BlogThe stock market last week felt like the trading you would see during a bear market, stocks down big on no news. This is the worst the market has felt to us since 2008. The bids seem to have evaporated. The technology sector has obviously been hit hard, with the FANG stocks including AAPL getting…
Read BlogIn just a short week a lot has changed to the positive. During Powell’s speech last Wednesday, he implied that the Fed’s view of being neutral in terms of interest rates were not far off. This is a significant change from their recent thinking, as the global economy has slowed. Please click the link below…
Read BlogThe markets have gotten very oversold and all the major indices have entered in what Wall Street describes as a correction, down more than -10%. As we have discussed numerous times, the concerns center around the Federal Reserve, the tariffs with China, and slower earnings and economic growth next year. Please click on the link…
Read BlogThe momentum side of the market is melting down. The S&P 500 is down roughly -7.5 for the 4th quarter to date, the Russel 1000 Value is holding up much better at -4%, but the momentum stocks are in the midst of a wicked bear market. Please click the link below to continue reading: Market…
Read BlogOur view of the market is now moving to more of a consensus view as the market has started to focus on some of the problems, but the market is far from discounting the negatives. It is obvious the market is now concerned about the same three things we have been concerned about. Please click…
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