I have been discussing the lack of a 1% move in the S P 500 for a few weeks now. This streak finally ended Wednesday as it rose 1.37%. The next streak which is much more ominous is the 96-day streak without a 1% decline in the S P 500. The idea of a 5% correction happening
I had President Trump’s February 28th speech to Congress circled on my calendar for a few weeks. Yesterday, I stated it was bullish for the market because of its positive tone. Unity was promoted. Unity in government means more bills will get passed. In the past, the market has been in favor of grid
Because it’s early in President Trump’s term, it’s tough to predict what will occur. His speech to Congress on Tuesday was normal in terms of historical precedent, which is unusual for his unorthodox style. The speech didn’t have that many specific economic policy proposals, but we did learn where h
The markets are focused on President Trump’s speech to Congress tonight at 9PM. I will be discussing what was mentioned in the speech in my next article. This article will review the latest information we’ve received about the health of the consumer. Target provided terrible guidance while the Confe
This stock market never quits. Even though there were concerns about President Trump’s major policy speech Tuesday, all four major indices rose. The Russell 2000 rose 0.96% and the Dow rose to a new record high for the 12th consecutive day which ties a record long streak. While equities were blissfu
The stock market is at a standstill as it waits for the President’s speech where he addresses Congress Tuesday. Trump will be discussing the budget he will be submitting to Congress next month. We received a preview of the budget today as it was reported that defense spending will increase $54 billi
The returns stocks bring will be determined by the legislation passed in the next 12-18 months. Tax reform and healthcare reform are on the table, meaning many industries will be effected. In fact, almost every industry will be impacted as regulatory reform will help the financials, energy, and smal
The stock market increased today as we are seeing more of the same action we’ve seen ever since Trump was elected. The Dow has had 11 straight record closes. The market remains in an environment of extremely low volatility as the VIX fell 3.07% today. The Dow, S P 500, and the Nasdaq have not had
The bitcoin index Coindesk created shows bitcoin reached an all-time high of above $1,200 on Thursday as it has fully recovered from the correction a few weeks ago, which was assumed to have been caused by Chinese regulatory intervention. In this article, I will review the latest Chinese interventio
The stock market rally continued Thursday. It feels like a big correction is happening because every index isn’t hitting new all-time highs (only the Dow hit a new high). Making up for this, Bitcoin is hitting a new all-time high. There was a CNBC article today explaining how this may be bullish for
