The Trump Rally: One Year Later

This week marked the one-year anniversary of what was widely considered to be the surprising election of Donald Trump as the 45th president of the United States. Politics aside, it is impossible to ignore the move in the U.S. stock market since the close on November 8, 2016. Through Tuesday’s close, the Dow has risen…

 

Stock Superstars Report: November Portfolio Changes and Update

This month there is one portfolio deletion and one portfolio addition for the SSR tracking portfolio. For more information on this month’s portfolio changes, read the November SSR Monthly Report. October Market Recap The U.S. stock market kept churning away in October as the “Trump Trade” nears its one-year anniversary. Strong corporate earnings, global growth…

 

Second-Quarter Earnings Season Underway for SSR Portfolio

This week the second-quarter earnings season kicked off for the stocks in the SSR tracking portfolio. This marks the period when companies report their earnings for operations that fell primarily within the second calendar quarter of the year, although not all companies are reporting results for their second fiscal quarter. Only two of the 36…

 

Market Shrugs Off “New Normal” of Rising Interest Rates

To the surprise of almost no one, the Federal Reserve announced this week that it would raise short-term interest rates and offered greater details of its plans to shrink its $4.5 trillion portfolio of bonds and other assets, which it expects to start later this year. The Fed said it would increase its benchmark federal…

 

Much Ado About Nothing

At the start of the week, market watchers were anxiously anticipating two seemingly major events: the Congressional testimony of former FBI Director James Comey and the Parliamentary election in the U.K. At least in the near term, both events turned out to be more flash than substance. In terms of Comey’s Senate testimony, there were…

 

Political Risk Has Investors, Market Turning Bearish

A week after writing about the CBOE Volatility Index, or VIX, hitting a 23-year low, U.S. stocks turned in their worst day in 10 months this week as the VIX surged to its highest level in over a month. Most of the apprehension stemmed from Washington, D.C., as the Trump administration weathers storms on multiple…

 

Stock Market’s “Fear Gauge” Hits 23-Year Low

A lot was written and talked about the CBOE Volatility Index, or VIX, this week. On Monday, it closed at 9.77, its lowest level since December 1993. This followed Friday’s close by both the S&P 500 and NASDAQ Composite indexes at new all-time highs. In addition, this was the first time in over 10 years…

 

May SSR Portfolio Update

There is one portfolio deletion and one portfolio addition for the SSR tracking portfolio in May. For more information on this month’s portfolio changes, read the May SSR Monthly Report. April Market Recap Geopolitics dominated the financial headlines in April. Rising tensions between the U.S and North Korea have had world markets on edge in…

 

Bullish Sentiment of Newsletter Writers & Retail Investors at Rare Divergence

This week, Rocky White of Schaeffer’s Investment Research wrote an article discussing the divergence in bullish sentiment among investment newsletter writers and retail investors. Specifically, he looked at AAII’s Investor Sentiment Survey and the weekly Investors Intelligence (II) sentiment poll and how bullish sentiment between the two indicates very different expectations. But first, some background….

 

Weaker-Than-Expected Car Sales Have Ripple Effect for SSR Portfolio

Car sales fell unexpectedly in March, boosting fears about bloated inventories and pricing pressure in an industry that many see as a key driver of the U.S. economy. This also reignited concerns about a subprime auto-loan bubble. Automotive industry analysts were expecting automakers to report increased sales in March compared to a year ago, which…