Fed chair made it clear last week that things have not deteriorated enough for them to act. In this atmosphere, the 10-year rate can head toward two percent. Equities, in all probability, will not like that, even though they are … Continued
Major US equity indices posted new highs last week, but only to reverse and give back those gains. By Friday, the S&P 500, the Nasdaq 100 and the Russell 2000 were all sitting on channel support. Bulls cannot afford a … Continued
On Inauguration Day, US stocks pushed further into record territory. Concurrently, several indicators already find themselves in uncharted territory. The ongoing earnings season can decide if already-extended further extends into extended territory or unwinding begins. US stocks welcomed the Joe … Continued
After persistently remaining elevated for several weeks, investor sentiment is coming under pressure a little. Assuming institutions began distributing, retail would not be able to mop up all the supply. Record margin debt then becomes front and center. Equity bulls … Continued
With investor sentiment elevated and help from the Fed, margin debt and foreigners, major US equity indexes remain near highs. Bulls are positioning for a Santa rally, followed by the onset of 4Q earnings season in the first half next … Continued
There is an air of invincibility among equity bulls. A contrarian-minded investor may find this uncomfortably lop-sided, but nothing says it cannot continue in a seasonally favorable period. The recent jump in investor sentiment is yet to translate into consumer … Continued
For the second week in a row, Investors Intelligence bulls were just under 65 percent. As elevated as this reading is, we are in a seasonally favorable period. If bulls are to take advantage of this, they would have to … Continued
Pfizer’s positive vaccine news on Monday last week elicited favorable investor response. Moderna’s positive news this Monday generated a lukewarm response. Fatigue is setting in. Major US equity indices are in overbought territory, particularly daily, with several sentiment readings already … Continued
A day before Wednesday’s mini-collapse in major US stock indices, Investors Intelligence bulls reached a multi-week high. Some of these indices are near important support, providing bulls an opportunity to regroup. Longer-term, sentiment remains elevated. Equities took it on the … Continued
Investor sentiment has done a yo-yo in recent weeks – from multi-month highs six weeks ago to the lows of three weeks ago to the week-over-week rise this week. Investment managers are very bullish, retail not quite there but high … Continued