Elevated multiples have not bothered equity bulls. In recent months, the Fed too has come to their aid. Investor optimism is dangerously elevated going into the 4Q19 earnings season. The 4Q19 earnings season kicks off this week. Banks and brokers … Continued
Large-caps keep making new highs. Should small-caps, which currently sit at crucial juncture, manage to break out, risk-on sentiment can get a tailwind, driving several indicators – already extended – to dangerously extended territory. US equity indices keep making new … Continued
Bulls are snorting – again. From the Boxing day bottom, the S&P 500 is up 14 percent. Last week, it recaptured 2630 as well as the 50-day. While healthy, the rally has come too far, too fast. Equity bulls deserve … Continued