Several Signs Point to a Potential Blowout Earnings Season
As the doom and gloom crowd frets over Treasury yields, those yields in addition to other data, might be hinting at something positive.
As the doom and gloom crowd frets over Treasury yields, those yields in addition to other data, might be hinting at something positive.
Numbers are pointing in the same direction, and it is the wrong one for stocks.
If we look back at the indicators, we’ll see that double-dip declines led to durable rallies.
A jump in yields to fresh multi-year highs cascaded through markets Wednesday.
We’re back to the highs, but the rally has not brought many stocks along for the ride. Let’s look back to see what the future might bring.
A sixth day of gains for semiconductors drives the Nasdaq-100 to its first record since June while a fifth day of losses for crude boosted small caps
The action under the surface is historically poor while the Nasdaq hits a high.
Tech’s continued rebound along with falling oil prices and Treasury yields drove a powerful rally to start the week.
Let’s see why my model produces a fair market value for the S&P Index of 6600, compared to Friday’s close of 7650.
Seasonal weakness is just about gone and tech could provide good motivation.