After The Calm

After The Calm

The streak has now reached 74 consecutive sessions without a greater than 1% change(either up or down)for the S&P 500 Index.  This is one of the longest streaks in history: What’s next after this extended period of calm?  Welcome October.  Since 1950 no...
The Lumber Crash

The Lumber Crash

A lesson in ‘risk happens fast’: Lumber will finish the month of August down 38% from its May high.  At the May peak it was up 45% for the year.  Now? 0ff 9% for the year.  Hat top Charlie Bilello  ...
Pepsi’s Pullback Reaches Major Support

Pepsi’s Pullback Reaches Major Support

  Back in early July Pepsi exploded to the upside following an impressive second quarter earnings report:  https://twitter.com/GarySMorrow/status/1016695465805516800. PEP reached a new rally high as August began after stretching its post earnings surge to nearly 10%. ...