Perspective

Perspective

Today the S&P 500 Index completed its 23rd (5% or greater) correction since the 2009 low.  That’s just over 2 such corrections per year.  Except for the current version, all of them have been long forgotten. Hat tip Charlie Bilello...
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...
Welcome To Rocktober

Welcome To Rocktober

Since 1998 no month has been stronger than October: It’s a midterm year.  How have stocks performed historically in the 4th quarter? October is number 1, November #2, December #3: And, it’s likely to be a volatile month.  During the last quarter the...
U.S. Steel Strengthens

U.S. Steel Strengthens

Shares of U.S. Steel have been trading in a narrow pattern since a nasty post earnings breakdown back on August 2nd.  The stock dropped over 10% that day on very heavy trade, its third 10% plus decline this year.  Shares continued to drift lower in early August...