Earnings reports could provide a "sell the news" excuse for a pullback, but a powerful wave of Fed-created liquidity is crushing skeptics for now.
Monday brought more record highs for the broader equity indices. As a trader, the feeling is so eerie. I'm not kidding.
JP Morgan, Citigroup, and Wells Fargo will be first up.
You are hearing talk of an 'earnings recession'. Just talk, my friends. Our marketplace has already been mired in an earnings recession for quite some time.
Let's check out the charts of USB to see if this is a good level to be a buyer.
Let's review the charts of JPM.
2020 will likely present a host of different and (likely) more formidable challenges for investors and traders than were confronted in 2019.
What we have learned is that the holiday season outweighed the last weekly options expiration event of the decade for most investors/trader types. More of the same this week?
It's unlikely that JPM has made an important top.
Write this city off at your peril. Hong Kong is still the financial capital of East Asia, and will remain so as long as the Chinese Communist Party refuses to ease its capital controls.