The rally the past couple of sessions, is it an oversold bounce or is there more to it than meets the eye? Particularly on Monday, money did come out of defensives such as utilities and health care, and into offensives … Continued
How equity traders are likely to position themselves for at least the next week or so will depend on how they answer the question above. As the accompanying chart shows, going back at least two and a half years, a … Continued
Enough ink has been spilled on how in recent months major indices – and sectors/industries within them – have been diverging from each other. For two and a half months beginning late February/early March, previously risk-on favorites such as solar, … Continued
The relentless push higher by U.S. equities is baffling, but it is what it is. All along, there has been no shortage of doubters. As a matter of fact, their ranks have consistently grown particularly this year. At the end … Continued
NYSE margin debt declined slightly to $450.3bn in March from February’s all-time high of $465.7bn. This is a minor drop, but going by the two major previous peaks this millennium, this has the potential to be an important reversal in … Continued