|Day Low/High||379.18 / 385.91|
|52 Wk Low/High||314.62 / 461.44|
It is now clear, in a world without all that much clarity, that professional money is in the early stages of distribution mode.
The Russell 2000 is now down not just back-to-back sessions, but six sessions in the last eight with all six of those "down" days having given up 0.9% or more.
Tuesday was a quirky sort of day that came ahead of the FOMC policy decision set for this (Wednesday) afternoon.
There's also a report that the new vaccines appeared to maintain efficacy against new strain(s) of the virus.
Let's review the charts and indicators.
What We Need Now? Pure and simple. Follow through. Equity markets have to follow through.
Earnings reports continue to outperform, but can this support equity markets at these levels now?
Next week the June quarter earnings season maelstrom kicks off with 115 companies, including 32 S&P 500 constituents, reporting their latest quarterly results. In recent days we've seen a number of companies up their outlook for the quarter but we'v...
Dividend Aristocrats McDonald's and Cintas Corp. will continue to offer a solid payout as life reaches a new normal.
Investors are wise to take a wait-and-see approach amid store closures, furloughs, social distancing and other measures in response to the outbreak.
There is no doubt that a less globalized world with less globalized supply chains would have weathered a dangerous pandemic far better.
Aren't We Overbought? Quite frankly, we are, in the short-term.
This week brings key results from Micron, Nike and FedEx, among others.
Turning to corporate earnings to be had next week, much like this week there will be a handful of ones to dissect ahead of the upcoming December quarter earnings bonanza that will kick off in about one month. Here are some of the ones worth watching...
Plus, a look at the uncertain prospects for a Saudi Aramco initial public offering.
The lack of accurate predictability across all of these metrics is why a certain level of diversification is always necessary.
Was the price weakness in September a 'shot across the bow' message?
For those trading the FANG or FAANG names, and especially Facebook, Tuesday sets up as a day bearing exceptional levels of headline risk.
If interest rates go lower, that will likely jump-start investor demand for quality dividend companies -- looking to these real estate investment trusts is a good bet.
This Dividend Aristocrat delivers consistent top line growth on solid operating margins.
Aggressive traders could look to buy a slight dip in Cintas Corp., but perhaps towards $230, as risk below $215 looks for longer-term gains to the $275-$280 area.
The Fed needs to buy short-term paper RIGHT NOW, and sell off longer-term paper.
Fed Chair Jerome Powell appears intent to reverse a near decade's worth of policy in just a couple of years.