New Highs, Everywhere

New Highs, Everywhere

Magic wand… From the desk of Charlie Bilello: 1. S&P 500, Dow, Nasdaq: All-Time High 2. Home Prices: All-Time High 3. Expansion: longest in history (126 months) 4. Unemployment: 50-yr low (3.5%) 5. Job growth: longest in history (111 months) 6. Fed: expected...
ADP Employment Data Surges

ADP Employment Data Surges

Best employment data since April. The lede: Following November’s dismal disappointing employment change (+66.9k – 2nd weakest since March 2010), analysts expected a rebound in jobs growth in December, and it rebounded dramatically. November’s +67k...
What’s Ahead in 2020?

What’s Ahead in 2020?

Following last December’s extremely poor performance 2019 opened with deeply oversold levels. The 2019 returns were very strong as a result. What’s in store for 2020? We remain very bullish but do not expect the type of returns we experienced in 2019....
How Good Was 2019?

How Good Was 2019?

59.3% of the time in 2019 the S&P 500 Index posted gains. “Only five other years since 1928 have seen up days more consistently,” says @bespokeinvest Hat tip Bespoke Research