Entries by David Littlejohn

Reply Hazy, But Not Really

Let’s just throw something out there: a recession is on the horizon. That’s not particularly ground-breaking. And it’s not particularly useful. But it is particularly newsworthy. The fact of the matter is, all expansions eventually end in recession. So, unless the expansion continues, a recession is on the horizon. The question is not if there […]

Were Bears Just Invited to Dinner?

Let’s cut through the fluff and get right to the meat and potatoes of the market – did last week’s sell-off after the Trump Tweet announcing more China tariffs represent the end of the road for the bull market? Too early to call. But judging from the futures markets, the balance has been upset. It […]

Does Downside Risk Outweigh Upside Potential?

After the S&P 500 managed a weekly close above 3000 the wind seems to be coming out of the sails. Last week finished down, with the lows of the week coming Friday at the close. With more and more companies issuing cautious forward guidance, it seems there may be more downside risk than up-side opportunity […]

Here Comes Earnings Season

The stage is set for an exciting earnings season. Guidance is one thing, but this is where the rubber to meet the road. Can earnings actually grow from here? Or have we seen peak earnings growth for this economic cycle? It may not matter… yet. The Fed has all but assured markets a rate cut […]

Just Right… for Indexes

Don’t look now but markets are near all-time highs (at least for the major indexes). Last week’s close was the highest (weekly) in history for the S&P500. Discount the fact it was a holiday-shortened week, but this is still a strong signal. Perhaps most noteworthy was the jobs report. With a big up-side surprise, this […]

All Time Highs

Markets should hit new all-time highs this week. This is ‘technically’ a big deal. But does the holiday-shortened week change the game?

Escape Velocity

Equity markets enjoyed a strong 1-week recovery but seem to have more-or-less stalled out after last week. The question is, can momentum break out above these levels, or will a more ominous ‘triple top’ signal a re-test of the 2600 level (or lower) for the S&P500? The BigFoot Economic Macro Indicator continues to slowly erode. […]