by Gary S. Morrow | Nov 16, 2018 | Author Commentary, Market Update
For nearly all of the last four weeks the CNN Fear & Greed Index has remained in “Extreme Fear” territory. More here: CNN Fear & Greed...
by Gary S. Morrow | Nov 16, 2018 | Author Commentary, Market Update
Yes and no. Compared to 2017, absolutely: Yesterday was the 50th 1% change for the S&P 500 Index this year. During all of 2017 there were only eight 1% moves, up or down, for the index. Average 1% move per year since 1950: 50. The S&P 500 Index went two...
by Gary S. Morrow | Nov 5, 2018 | Chart of the Day, Commentary, Market Update
Great stuff here from Bespoke on the continued strength in the services sector: The ISM Services report for the month of October declined less than expected, falling from 61.6 down to 60.3 compared to expectations for a reading of 59.0. Even though the pace of growth...
by Gary S. Morrow | Nov 3, 2018 | Author Commentary, Market Update
The S&P 500 Index, Dow Jones Industrials and the Nasdaq 100 Index are all within two months of setting the all time record. Ten consecutive years for a bull market. Hat tip Charlie...
by Gary S. Morrow | Oct 30, 2018 | Author Commentary, Charts, Market Update
Key bit: “Consumer Confidence increased in October, following a modest gain in September, and remains at levels last seen in the fall of 2000 (September 2000, 142.5),” said Lynn Franco, Senior Director of Economic Indicators at The Conference Board. “Consumers’...
by Gary S. Morrow | Oct 16, 2018 | Commentary, Market Update
The last time every stock in the Dow Industrials, Transports, and Utilities indices finished higher on the day, like they did today, was the Monday before the 2016 election. Hat tip Bespoke Research
