The Lonely Bull

Last week the Bull indicated that the U.S. stock market could be setting-up for a breakout to the upside; not yet.  Money flows are still quite positive, but a spike in world oil prices as a [...]

A ride on a merry-go-round may go round and round, up and down but goes nowhere.  That may be an apt metaphor for the U.S. stock market for most of the past two years; a lot of action but [...]

Neither Bulls nor Bears are satisfied with stock market action.  Just when it looks like the market is going to breakout to higher highs, it doesn’t.  During selloffs, when it [...]

You don’t have to subject investors to analysis to see how anxious they are.  Hanging on every tweet, scrap of economic evidence, and extrapolation, they react with alarm one day then [...]

If you bought bonds at generational lows last week and now you have losses – never mind.  If you sold your stocks recently because you thought new tariffs put additional pressure on [...]

What is noise as opposed to what is real becomes obvious in hindsight. Both the bond markets and stock markets around the world are responding to fears of a global slowdown and perhaps recessions [...]

No doubt about it, the U.S. and China are in a full-blown trade war.  There have been a few cease fires along the way, but these didn’t hold.  Stock markets all over the world [...]

More than one-half of the S&P 500 companies have reported and more than 75% have beaten their earnings expectations.  In addition, second half 2019 profit and revenue outlooks are coming [...]

Investors looking for a definitive picture of the economy and investing backdrop are not finding one.  Some companies are doing well while others are struggling.  Those that sell into [...]

Earnings season is now underway.  It’s still early, so it’s not realistic to draw any general conclusions.  So far, there are some contradictory data points; the consumer [...]