September 2026 Mid-Month Recap

Both stock prices and market breadth peaked a month ago. It has been a tough slog since.  The broader market has been trailing mega-caps which are holding up nicely.  The 10-day advance/decline line drop has been dramatic as well as other breadth measures. The culprit...

August 2026 Mid-Month Recap

A few final comments on this earnings season: This week’s Walmart’s earnings report marks the unofficial end to the season.  It was a season for the record books.  For the second quarter, S&P 500 companies are reporting year-over-year growth in earnings of 50%...

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...

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...

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...

April 2026 Mid-Month Recap

If you find that your portfolio’s investment returns are dominated by a small handful of stocks, you are not alone. We have experienced the same thing. Burton Malkiel (renowned author of the classic “A Random Walk Down Wall Street”) did a recent study about this...