Search Results for: ETFs – Page 6
Look Around
It’s worth stopping whatever you’re doing and observing what’s occurring on the planet. In South Africa, the African National Congress is out for the first time. Prime Minister Modi took a stunning Indian electoral shellacking. A wild-haired libertarian is disrupting…
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Inequality
There’s a moat between haves and have-nots in the stock market. The S&P 500 Equal Weight Index that treats the 500 components the same is up 0.5% through yesterday versus Dec 31, 2021. Cumulative inflation over that time is 13%.…
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Divergence
Why are the Nasdaq and the Dow Jones Industrial Average diverging wildly? It might resolve in the next few days. But it’s not small. Back up to June 20 and performance was aligned. At one point Monday, five-day divergence was…
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A Writhing Market
Somebody pulled a pin and dropped a grenade in the stock market and nobody noticed. Let me explain: Now, there were explanations. Index options on the SPX expired at month-end as they do every last trading day of the month,…
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Sizing Trades
Size matters. Does trade-size matter? The average trade in S&P 500 stocks is 87 shares this week (five-day average). Think about that. Quotes are in 100-share increments but the trades average less than the quote. It can fluctuate around month-ends,…
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Running Bulls
It’s tough being a market strategist. Mike Wilson, chief equity strategist for Morgan Stanley, has thrown his bear towel on the laundry pile and lifted his year-end target for the S&P 500 to 5,400 from 4,500. He’ll be braining himself…
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In the Basket
Should a stock like COKE rise 20% in a day? Executives love it, sure. But it’s aberrant behavior at loggerheads with what the dominant money buys today. Here’s what I mean. COKE is a member of MDY, the Blackrock (iShares)…
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Earnings and Alpha
Corporate earnings are at loggerheads with how the market works. Earnings foster volatility and all the money wants the benchmark.
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Signs and Wonders
You wonder what’s going to happen next. I mean, look around. The South Carolina women ran ruthlessly through everyone, capping a 38-0 season with the NCAA basketball championship. Right before a total eclipse not of the heart but of the…
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