It has been a costly mistake if you have not invested in the market due to the concerns of Covid-19 pandemic. The market has discounted the impact of the pandemic as a whole except a few select sectors due to the unprecedented support from the monetary and fiscal policies. While still deep in the uncertainties […]
The year of 2020 has been proven to be nauseating, the amount of churns feels like being thrown in a washing machine on the spin cycle and not able to turn it off, between COVID, BLM, Election and the markets. However, the market has been unemotional and faithfully carried out the cycles and is pointing […]
After the mega tech reported earnings last Thursday, the market reacted negatively despite the earnings reports were not bad. The big tech continues to make money in the face of congressional scrutiny. Last Friday was the month end closing and the month end closing didn’t produce a sell or buy signal.
Next week we will have earnings report from the mega techs and of course the Presidential election is just around the corner. The reaction to the earnings report could be muted since the election outcome is so close by. The mega techs will continue to grow, but the intense scrutiny from Congress could create short […]
The wall of worry is real. The non-stop news coverage about the election, virus aid package negotiation and the resurgence of the virus in the coming flu season can attest to the validity of the worries. Yet, the market has had its own mind ever since the March 2020 low. It just kept going higher […]
On last Thursday (10/08/20200) we sent out a private note stating that the small cap Russell 2000 index is breaking out in the midst of fiscal stimulus package negotiation. This is the first time ever that the Russell 2000 index is outperforming the Dow and S&P 500 since the Russell 2000 index topped in August […]
