Are we there yet?

This week we witnessed the first substantial correction in the stock market of the year. What matters most to investors now is whether we are at the end of the decline or the beginning of something worse. We’ve seen the lows, in my opinion, but that doesn’t mean we...

Markets are supposed to pull back

It was a sea of red for stocks this week. Global markets broke a seven-month trading range and the rest is history. Consider this week’s decline a positive development. Here’s why. Over the last seven months, the S&P 500 Index has traded in a narrow range between...

Lambs and wolves

Volatility continues to be the name of the game this week within global financial markets. An action by the Chinese in devaluating their currency was the culprit. It provided yet another opportunity for professionals to profit from those individual investors who sold...

Focus on the big picture

  Once again, the U.S. markets are flirting with the lower end of their trading range. The Fed heads are still yakking about when an interest rate hike will happen and an unremarkable earnings season is just about over. How much of this matters to you and your...

Month end musings

While the summer months are usually the slowest season on Wall Street, July has proven to be anything but. As we enter the month of August, can we expect the same? Whether we focus on overseas markets or review our own, it is clear that volatility remained and will...

Earnings keep the market in check

After touching new highs, once again the indexes retreated but, with the exception of the Dow, are still in the upper end of their trading ranges. Second quarter results are following the usual pattern of earnings “beats” but fewer investors seem willing to play that...