Searching for Support

With the tech sector under the microscope markets continue to search for support as stocks slide with rising rates. We’ve discussed (warned?) about this for a long time. Tech has grown to be a disproportionately large portion of the major indexes. So, if tech has a bad day, everybody has a bad day. Of course, […]

Bye Bye 2021

Another year is in the books. Lots of surprises, most notable probably being the significant rise in the stock markets. The S&P 500 logged a banner year. Who’d a thunk? Of course, the markets aren’t one to rest. So it’s already time to start looking forward again. This Thursday will be a forum call where […]

1000 Words

In this case, the picture is worth 1000 words. So… here’s a picture… with some words on it… Long story short, this is the inflection point. Either the markets find traction here and recover or we fade the rest of the year (more than likely). Futures are mixed but mostly positive. Tech got hammered because […]

VIX’ed

Last week demonstrated how lower volume and a little conviction can make for a nasty time in the markets. The holiday shortened week, in and of itself, was neither new nor unexpected. Most market analysts expect lighter trading as turkey carving carves into market time. The thing is, the lighter trading volume can magnify market […]

Santa Rally Time?

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 […]

A Simple Look at the Numbers

Last week saw stocks reverse and climb in the latter half of the week. Chasing down the why is an odd game these days. Is the Chinese economy going to collapse? Price of oil to climb? Supply chains wrecked? US debt default? Your guess is as good as mine. Regardless, there seems to be a […]

TBD…

Actual commentary to follow. But the basics are this – looks like the market is still moving sideways from here. The technicals suggest neither a big run higher nor a big drop from here. And they’re pretty well betting Washington solves the budget problems. Now the question is how much additional spending to build into […]

Sentiment Changes

It seems the mood is starting to change for the markets. The headlines are shifting and the tone is becoming… less bullish. This is not unexpected. Much of the most aggressive covid relief is either over or baked into the economic expectations now. Unemployment extensions ended last week. Another debt ceiling debate is ramping up. […]

No Changes Yet

If you want insight into what’s going on in this market, join our forum call this Thursday the 9th. The big takeaway from everything technical right now is ‘the trend is your friend.’ This market just keeps going higher. And, despite all the doom-and-gloom predictions that the end of the world is imminent, the markets […]

Out of Order

Last week the SPX hit yet another all-time high. Meanwhile, the FOMC is talking out of both sides of their mouth, with individual committee members talking about the need to tighten policy, while the committee itself continues suggesting it will be — another year(?) or more — before any material shift in policy. Markets apparently […]