Illinois Tool Works Begins To Lift

Illinois Tool Works Begins To Lift

Shares of Illinois Tool Works has had a rough go this year.  Since printing a new all-time high in January the stock began a steep decline.  By the end of August ITW had traced out seven straight lower monthly lows while falling over 25% from the 2018 peak.  This...
“Chart Of The Century”

“Chart Of The Century”

From the desk of Economist Mark J. Perry: Key bit:   Various observations that have been made about the huge divergence in price patterns over the last several decades include: a. The greater (lower) the degree of government involvement in the provision of a good or...
Overextended?

Overextended?

The S&P 500 Index finished this week nearly 70% above the 2007 highs.  Since the 2009 low it has gained just over 300%. Yes, overextended.  When the correction begins, which will be nearly impossible to time, it will be sizable.  Much of the money exiting U.S....
Down Four Straight

Down Four Straight

The S&P 500 Index is off to a rough start this month.  Friday the index closed lower for the fourth straight session.  It has done this only twice before, in 1987 and 2001.  Cue ominous background music... That being said, a more positive data point can be found...