Taking out the 2018 Highs May Be Tough This Week

The wind has been in the sails for a few weeks now, and the S&P500 is close to reclaiming the highs for the year.  The trade wars have shown little effect on the domestic market’s rise… until Turkey made the headlines. The instability seems to have thrown a wet blanket on the market’s climb.  What […]

Tech Shift

The big news last week was the 20% drops for both Facebook and Twitter.  The entire tech sector seemed to catch a cold last week.  But here’s a little perspective: Both Facebook and Twitter had been on phenomenal runs for the year (with Twitter nearly doubling).  Both companies are reinventing their privacy rules.  And both companies […]

Monday July 23, 2018

IMPORTANT DISCLOSURE INFORMATION Please remember that past performance may not be indicative of future results. Different types of investments involve varying degrees of risk, and there can be no assurance that the future performance of any specific investment, investment strategy, or product (including the investments and/or investment strategies recommended or undertaken by BigFoot), or any […]

Within Striking Distance

Now that the SPX has closed above 2800 it’s within striking distance of re-taking the 2018 highs up near 2870.  Crazy enough, this could happen quite quickly.  Economic data is light this week so eyes are on earnings.  Absent a black swan event, the stage is set for this market to go higher. That’s really […]

Now the Stock Markets Can Start July

True, there was some pretty strong jobs data and a reassurance from the FOMC last week that rates aren’t going to go rocketing higher any time soon.  Still, the 4th of July holiday fell on a Wednesday, and Tuesday was a shortened day.  PLUS, it was the beginning of the 3rd quarter.  What does this […]

Does this Week Even Count?

Because the 4th of July holiday falls on a Wednesday this week — and the 4th-of-July-Eve holiday apparently justifies a half-day for the markets on Tuesday — you can expect a couple things this week: Volume will likely be lower than average Volatility may be higher than average (on lower volume) There’s actually a fair […]

Is this Pull-Back Nearly Complete?

Futures indicate a lower open on Monday for the SPX.  It’s been tough for large-caps lately given the loud shouts of ‘Trade Wars’ from media outlets.  It’s still quite unknown as to what may really happen there.  Some winners and losers will definitely get tossed around, but will the overall markets be harmed?  It’s too […]

That’s What Makes Markets

It seems that, with the exception of the DJIA and S&P500, most of the stock market continues to push higher.  This in spite of the rate hike last week and impending trade wars this week. Of course, the futures markets are down headed into Monday’s open.  Is this the beginning of the next rip downward? […]

It’s Not About Trade Wars

The story of the day may be trade wars, but it’s not about trade wars.  It’s about interest rates. The trade wars may be great media fodder for political theater, but the economic impact is anything but known.  First, one has to determine if there even is a trade war (and Trump has mastered an […]

Hurry Up and Wait

So we wait… until the Fed goes ahead and raises interest rates again. The news cycle will be pushing trade war talks or currency shifts or commodity pricing.  But the story is still the Fed.  Do we have enough news — globally — to keep the Fed from hiking rates again?  Probably not…  the low […]

How Does Italian Uncertainty Affect US Equities?

The 10-year treasury yield is dropping again — in spite of the Fed’s rate hike campaign.  Presumably this is because many European bond traders are seeking safety in the US while Italy shakes out some issues.  Italian bonds tanked and yields spiked as talk is shifting to the possibility of a post-election exit from the […]

Clawing Back Highs

With trade war rhetoric declining, markets are showing signs of consolidation and retrenchment.  The SPX appears to be setting up a strong support level at 2700 or so.  This bodes well for the bulls out there, as the setup shows signs the January highs could be taken out in the coming weeks. At this point […]

Is the Bull Market Back On?

Last week may have been the break-out traders have been looking for as major indexes finished positive for the week. After several months of correction it looks like the 200-day moving average for the SPX is likely to hold support.  It has been tested several times.  Each time a wave of buyers showed up.  This […]

Mixed Signals Everywhere

With so many ‘this is good, but this is bad’ data points out there, it’s difficult to make heads or tails of this market.  Bull or bear?  Maybe the answer is neither… for now. The interesting thing that’s been going on, really since Janet Yellen stepped down as FOMC chair, is that volatility — in […]

What if Earnings Aren’t Enough?

The theme that’s starting to permeate this market is “what if earnings aren’t enough?”  So far the SP500 has, on average, exceeded Wall Street earnings estimates by around seven percent.  Yet stocks, after beating estimates, haven’t popped.  In fact, it seems the downside penalty this season has been about three times harsher than the upside […]