The Market In a Minute

Market breadth turned decidedly negative during last week’s shortened trading week, as the equal-weight S&P ETF (RSP) lost 1.1% compared to a loss of 0.64% for the S&P 500. As corporate earnings season comes to an end, revenue surprises have started to slow, while bottom-line earnings continue to be relatively strong. The trade An overabundance […]

Market in a Minute

So far two-thirds of stocks within the S&P 500 (INDEXSP:.INX) have reported earnings, painting a healthy picture for corporate profitability. Of the companies that have reported, 70% have beat earnings estimates and 65% have beat revenue expectations. On average, revenues increased 7% year-over-year, while earnings rose 11%. As a result of the broad market breadth, […]

The Market in a Minute

If the old saying on Wall Street “as January goes, so does the rest of the year” holds true, investors ought to be in good shape in 2013, as the S&P 500 logged its second week of gains, rising 0.4% last week for a YTD gain of 3.22%. As earnings season kicks into high gear […]

The Market In a Minute

In spite of starting on the downside, markets managed to eke out gains last week, with the S&P 500 SPY +0.45%  gaining a fraction of a percent, behind the prior weeks’ strong gains. Headline risks from Europe and the U.S. fiscal-cliff are being offset by stronger U.S. GDP data, home sales and consumer confidence figures. […]

The Market in a Minute

Although the S&P 500 lost about 1.5% this week, I believe stocks want to move higher. Pre-market futures indicated a higher open each of the five trading sessions, only to be pressured lower during trading hours on worries over the fiscal-cliff. Once a resolution to the fiscal-cliff is apparent, expect a significant rally. Next Weeks’ […]