by Gary S. Morrow | Aug 8, 2019 | Charts, Commentary
Investor are extremely fearful. Bullish sentiment fell over 16% over the last week. Now stands at 21.7%. Neutral sentiment fell 7% over the last week. Now stands at 30%. Bearish sentiment leaped over 24% over the last week. Now at 48.2%. The end result: The Bull/Bear...
by Gary S. Morrow | Aug 7, 2019 | Charts, Commentary
The 2.2% to 2.1% area has marked major lows in the long end(30 Year Treasury Yield). The 30 yr. yield has collapsed in August. At today’s low the TYX is at 2.15%. This area has produced major lows since the Fed’s tightening cycle began in the 4th quarter...
by Gary S. Morrow | Aug 7, 2019 | Charts, Commentary
In 2019 the S&P 500 has pulled back 5% twice. The average year since 1990 sees 3.3 separate 5%(or greater) pull backs. Hat tip Ryan Detrick of LPL Research.
by Gary S. Morrow | Jun 11, 2019 | Chart of the Day, Charts
The so called ‘experts’ were way off with their predictions of interest rate direction in 2019. This should surprise no one. Hat tip Bespoke
by Gary S. Morrow | Jun 11, 2019 | Chart of the Day, Charts
Back on April 17th IBM took a big hit. This earnings inspired flush(-4.15%) attracted the heaviest volume in months. IBM remained fairly stable through the rest of April and into early May but it was clear a bear channel was building. By late May shares were down...
by Gary S. Morrow | Jun 8, 2019 | Charts, Commentary
The S&P 500 Index entered last week with a four week losing streak. Since March of 2009 it has only made it to five straight once. What happens when investor optimism reaches dramatically low levels? Losing streaks end abruptly. The SP 500 Index closed Friday...
