Fed Raises Rates While Dashboard Indicators Stand Pat

Weekly Market Summary After going a year since its last rate increase, the Federal Reserve announced this week that it was raising the benchmark federal funds rate by a quarter percentage point—to between 0.50% and 0.75%—and that officials now expect to raise short-term rates more often in 2017. This is only the second rate increase…

 

“Trump Rally” Catches Second Wind, Market Dashboard Holds Steady

Weekly Market Summary This week marked the one-month anniversary since Hillary Clinton conceded the presidential election to Donald Trump. The so-called “Trump Rally” in U.S. stocks caught its second wind this week on the wings of strong consumer sentiment data and rising oil prices. On Wednesday, several of the major U.S. indexes posted their biggest…

 

Stocks Take a Break from “Trump Rally,” Market Dashboard Holds Steady

Weekly Market Summary U.S. stocks took a break this week from their “Trump rally.” Growing political uncertainty in Italy, as well as lukewarm domestic jobs data, had investors tapping the brake. The U.S. economy added enough jobs in November to raise expectations that the Federal Reserve will boost interest rates at its policy meeting later…

 

Schaeffer’s Investment Research: AAII Sentiment Levels Flashing Short-Term “Buy” for S&P Stocks

This week Schaeffer’s Investment Research published an article indicating that bullishness among AAII members has more than doubled in less than a month to 49.9% as of last week. This is the highest reading since January 1, 2015. Past analysis from AAII had indicated that its Investor Sentiment Survey is more of a contrarian indicator,…

 

CI Market Dashboard: Bulls Tighten Grip in Post-Election Rally

Weekly Market Summary This week saw U.S. stocks, for the most part, continue their upward march in the wake of Donald Trump’s presidential election victory. Major indexes hit record highs and the U.S. dollar, as measured by the U.S. Dollar Index, climbed to a 13-year high. It also seems a near certainty that the Federal…

 

CI Market Dashboard: Bulls Make Slight Retreat This Week

Weekly Market Summary The Dow Jones Industrial Average (DJIA) eked out a nearly 0.1% gain for the week and closed at 18,161.19. The index has been trading in a narrow range for the last couple of weeks, bounded to the upside by the 50-day moving average (18,272.32). To the downside, we still look for round-number…

 

An Election Trend That Might Not Be Repeatable

The election day is just 11 days away, thank goodness. As it nears, articles and reports are appearing about the election’s impact on the market. We’re going to discuss the data in the November Stock Superstars Report, which will be posted online Friday evening, but I’ll share some of the data here as well. Rather…

 

Bulls Make Slight Gains With Latest CI Market Dashboard

Weekly Market Summary The Dow Jones Industrial Average (DJIA) gained 0.04% from last week to close at 18,145.71. For yet another week, the 50-day moving average (18,313.50) appears to be a resistance point to the upside. To the downside, we look for round-number support at 18,000. The S&P 500 Index (SPX) posted a weekly win…

 

How Likely is a Market Downturn?

Would you rather purchase ground beef that contains 15% fat or that is 85% lean? Of course they are the same, but for most people, 85% lean ground beef sounds more attractive. That is why packages of ground beef or hamburger patties are presented or “framed” to emphasize the high level of “good” in the…