Market

Please Don’t Fed the Bears

July 15th, 2019|

By Pete Biebel, Senior Vice President

Long-time readers might recall that I used that same title about four years ago.  Conditions then were unlike they are now; “unlike” as in diametrically opposed.  Back then, the S&P 500 Index (SPX) was hovering just above the 2000 level and the Fed was on the verge of its first […]

June Boon

July 1st, 2019|

By Pete Biebel, Senior Vice President

Oh June, you ended too soon.  The month following the May swoon saw markets go over the moon.  The Dow Jones Industrial Average (DJIA) had its best June performance since 1938, climbing about 7.2%.  The S&P 500 Index (SPX) gained nearly 7% for the month, making it its best June […]

Do You Believe in Magic?

June 24th, 2019|

By Pete Biebel, Senior Vice President

Pretty much all around the world, stocks had a great week last week.  The S&P 500 Index (SPX) hit a new high and ended the week with a 2.2% net gain.  The Dow Jones Industrial Average (DJIA) climbed 2.4% but fell just short of reaching its old highs.  The NASDAQ […]

No News is Good News

June 17th, 2019|

By Pete Biebel, Senior Vice President

That maxim can be interpreted a couple different ways.  It could be suggesting that none of the news one hears is positive.  All news is bad news.  A second meaning could be that the lack of any new news is actually good news.  Like when your teenager is out for […]

Rip Roarin’ Rebound Rally Redux

June 10th, 2019|

By Pete Biebel, Senior Vice President

Following a fairly lousy month of May, stocks ripped higher through the first week of June.  It was a welcome change of direction.  The S&P 500 Index (SPX) didn’t do so well in the previous month.  It touched a new all-time high early in the day on May 1st, but […]

“Iposuction”

May 28th, 2019|

By Pete Biebel, Senior Vice President

There’s a new item to add to the list of factors that are sucking the bullish enthusiasm out of the stock market.  It’s no secret that over the years there’s been a tendency for new IPO (initial public offering) stocks to rip higher when they are initially made available to […]

Mayday! Mayday! Maybe

May 13th, 2019|

By Pete Biebel, Senior Vice President

Alarms were sounding throughout the week as the averages saw follow-through selling and lower lows.  Last week I wrote about the May Day mayday, describing how the reversal from a new high on Wednesday, 5/1/19, was an alarm for investors, alerting them that the potential for at least a short-term […]

May Day Mayday Maybe

May 6th, 2019|

By Pete Biebel, Senior Vice President

“Mayday” is an internationally recognized emergency alert word that was originated in 1923 by a senior radio officer at an airport in London.  He had been asked to come up with a word, which could be easily understood by airmen and ground crews, that would be specifically used to indicate […]

Take Me Out to the Ballgame

April 29th, 2019|

By Pete Biebel, Senior Vice President

Market action over the past several weeks has been similar to how some non-fans characterize a baseball game: extended stretches of inaction interspersed with occasional brief flashes of excitement.  Indeed, most of the recent trading sessions have been yawners.  Nearly all the action in the last two weeks came in […]

Borderline Border Crossing

April 15th, 2019|

By Pete Biebel, Senior Vice President

Last week I wrote that, “One key take-away from this week’s trading might be how COMP and SPX perform if, and when, they reach those big number levels.  If SPX can punch through 2900 for more than a few hours and by more than a few points, then it’s likely […]