Roil Highness

June 26th, 2017|

By Pete Biebel, Vice President

The recent relative calm of the major averages, as they float near record highs, belies the turbulence that is roiling beneath the surface. Both the Dow Jones Industrial Average (DJIA) and the S&P 500 Index (SPX) have been as calm as can be. Respectively, they just finished their third and second […]

Bumps in the Road

June 19th, 2017|

By Pete Biebel, Vice President

Hitting a depression or bump in the roadway can cause a vehicle to momentarily change course. The degree to which the course is altered is a function of the vehicle’s speed and mass and the relative size of the fissure. For example, imagine the difference between crossing a set of railroad […]

Look Out Bello!

June 12th, 2017|

By Pete Biebel, Vice President

The market’s flightpath seemed to be right on course through the first 90% of last week. The averages were able to maintain their trajectory near recent record highs. The NASDAQ Composite (COMP) continued to gain altitude with big tech stocks in particular providing much of the lift. Some midweek turbulence had […]

Whistling Past the Covfefe

June 5th, 2017|

By Pete Biebel, Vice President

The old expression “whistling past the graveyard” is an idiom for people who remain leerily cheerful in scary or ominous circumstances. Continuing to slather on sunscreen even while a thunderstorm looms nearby is an example. Lately, the U.S. stock market has been whistling to new highs on signs of a strengthening […]

Saved by the Rush-Ins

May 22nd, 2017|

By Pete Biebel, Vice President

Last week the market sprang out of its hibernation. Trading action had been fairly quiet through the first two days of the week, though both the S&P 500 Index (SPX) and the NASDAQ Composite Index (COMP) reached slightly higher new highs each day. Wall Street’s tolerant optimism in the new administration’s […]

An Un-Sprung Spring

May 15th, 2017|

By Pete Biebel, Vice President

Spring has sprung, but since the market’s late winter run to new highs, stocks have lapsed back into hibernation. Market activity is quieter than a mime in a monastery. It’s duller than a ditch digger’s docu-drama. The most surprising aspect of the market’s recent lack of volatility is that, given the […]

Sugar High

April 17th, 2017|

By Pete Biebel, Vice President

Little children love the concept of The Easter Bunny. Free candy is awesome! As very young children grow older, the months and years go by, their admiration and enjoyment of the concept continues undiminished, but their belief in the delivery mechanism abates and eventually disappears. Over that time, many such children […]

Frozen Doe

April 10th, 2017|

By Pete Biebel, Vice President

In a week that was loaded with market-moving economic reports and skyrocketing geopolitical tension as well as an eye-opening release of the Fed meeting minutes, the stock market went nowhere. Like the proverbial deer frozen in panic staring into the headlights of an approaching vehicle, the market was emotionally charged, but […]

Sad Numbers for the Bears

April 3rd, 2017|

By Pete Biebel, Vice President

Last week the market played a familiar old refrain. First the market tempted any remaining shy but gullible sideline bears to pile into new short positions with its Tuesday washout in the previous week. Then the market conspired to further increase their confidence when all the recovery attempts later that week […]

Message in a Bobble

March 27th, 2017|

By Pete Biebel, Vice President

The market dropped the ball last week. It had been kind of sort of juggling the thing all month, trying to carry its winter romp into the spring. Most market averages hit their highs on March 1, the day after President Trump’s address to Congress. At some point during that celebratory […]