Price discovery used to be a process of buyers and sellers determining fair value for an asset. Now, it’s only about supply of money vs supply of stock…even bankrupt stock.
But 20% unemployment and Nasdaq is at all-time highs…who would have thought?!
Watch the market update video. Market is looking more bullish The S&P 500 continues to hold above the key support level I have been highlighting recently (~2800). We are also seeing more positive developments in the Healthcare and Consumer Staples sectors, both of which are looking more bullish. Drought of new highs However, the S&P […]
By now, you have probably heard the Facebook story. In short, Facebook faces intense criticism over news that Cambridge Analytica, a political research company with ties to President Donald Trump, had allegedly illegitimately obtained and used 50 million Facebook user profiles. US and UK lawmakers fear the data was used to sway voters in the last presidential […]
Markets are now operating under a different regime from 2016-17. In this post I discuss whether we are witnessing a trend change in the stock market and how I’m positioning my trading for this new regime. A trend change? February 2018 capped-off a streak of 15 consecutive months of positive performance for the S&P500 on […]
Heading into the end of the calendar year and many stock market pundits are sharing their guesses forecasts for where stocks will go in 2018. In this article I promise to spare you the “S&P 500 will close at 2450 on 31 December 2018” type of forecast. Instead, I’ll give you an outline what I […]