July 2026 Mid-Month Recap

Coming into earnings season this week, the pace of positive earnings revisions has skewed higher which raises the expectations bar. The market’s performance during earnings season tends to be inversely correlated to the direction of earnings revisions heading into the...

July 2026 Market Commentary

THE LAG SEVEN   The “Magnificent 7” stocks (Amazon, Apple, Microsoft, Alphabet, Meta Platforms, Nvidia and Tesla) led the stock market’s gains in 2023, 2024 and part of 2025. These same stocks as a group are lagging badly in 2026, and put into question whether...

June 2026 Mid-Month Recap

SPACEX IPO, TECH STOCKS, AND IMPROVING MARKET BREADTH The pricing and trading of something as complicated as the SpaceX IPO was nothing short of impressive. Trading went off without a hitch.  The new stock closed up 19% on day one, a good sign.  It shows the deal was...

June 2026 Market Commentary

WARNING SIGNS FOR THE U.S. BULL MARKET On occasion we are told we are overly optimistic investors – maybe even perma-bulls.  We are not perma-bulls but do tend to be very optimistic.  Our position remains that optimistic investors do better than pessimists.  After...

May 2026 Mid-Month Recap

Q and A   The stock market’s meteoric rise since March 30 is raising questions from clients.  Let’s start with the most asked question: Q.  Since the Iran conflict started, oil prices are higher along with higher inflation and interest rates. How can the market...