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Weekly Market Recap Feb 10, 2019
by Mark Hanna on February 10, 2019 at 8:40 pm
A good week for the bulls once again as a very overbought market essentially went sideways to help work off some of those near term extreme conditions. The S&P 500 stalled exactly at the 200 day moving average after a frantic rally the past month and a half. It was generally a quiet week with lowered volatility as the word "patience" continues to have the investor class in a happy... […]
Weekly Market Recap Feb 03, 2019
by Mark Hanna on February 3, 2019 at 7:58 pm
It is amazing how one word can change the whole trajectory of trillions of dollars worldwide. PATIENCE. After entering the week severely overbought, indexes sold off modestly Monday and were near flat Tuesday. Then the Federal Reserve reiterated a very dovish stance - PATIENCE - and markets were back off to the races with sharp rallies Wednesday and Thursday. A nice employment report Friday... […]