The legendary Paul Tudor Jones once said: “Markets trend only about 15 percent of the time; the rest of the time they move sideways.” When you think about this quote in the context of today’s stock market it’s clear that we’re in the midst of that 85% of the time when markets move sideways. In […]
Chart of the Day – Wednesday, August 7th 2019
Today’s Chart of the Day was shared on Twitter by Luke Kawa of Bloomberg (@LJKawa). It is a chart of the S&P 500 futures this week. Luke cleverly sums up this week’s price action as Meltdown Monday, Turnaround Tuesday and Whiplash Wednesday. Monday we saw the S&P 500 drop by nearly 3%. Tuesday the index rebounded about 1.30%. Today, […]
Chart of the Day – Tuesday, August 6th 2019
Today’s Chart of the Day was shared on Twitter by Ryan Detrick of LPL Financial Research. The chart shows the number of 5% pullbacks in the S&P 500 that have occurred each year going back to 1990. He points out that on average, the index experiences 3.3 separate 5% pullbacks per year. So far […]
Chart of the Day – Monday, August 5th 2019
Today’s Chart of the Day comes from a blog post by Michael Batnick of Ritholtz Wealth Management (@michaelbatnick). It’s a chart of the S&P 500 index going back to 2009 when stocks bottomed. Michael calls this chart the “Wall of Worry” because it illustrates the numerous reasons to sell over the past decade. Despite these bearish headlines, the […]
Bearish Undertones
“Risk happens fast.” Or whatever the smart alecks in the media and Twitter say. But it is hard to deny that there are some bearish undertones to the market these days, at least over the short term. Is it because someone Tweeted something? Is it because of interest rates? Is it because of the US […]
