Legendary analyst Paul Montgomery once said: “The most bullish thing the stock market can do is go up.” The S&P 500 printed a fresh all-time high today for the first time since July. Despite this bullish development, investors remain cautious. The combination of stocks breaking out and bearish sentiment could fuel the next leg of […]
Chart of the Day – Tuesday, September 24th, 2019
Today’s Chart of the Day was shared on Twitter by Michael Batnick (@michaelbatnick). The chart shows all the drawdowns in the Russell 2000 index since 2009. A lot of people suggest that this bull market is over a decade old and getting long in the tooth. Michael pokes a hole in that argument by showing […]
Chart of the Day – Wednesday, August 14th 2019
Today’s Chart of the Day was shared on Twitter by Michael Batnick (@michaelbatnick). It’s a dot plot showing the daily percentage change of the Dow Jones Industrial Average over the past 100 years. Today was without a doubt an ugly day for stocks with the Dow dropping 3.05%. There were a lot of headlines pointing out […]
