Quote of the Day: Like the Spring of 2000...

In client review conversations -- in response to the disbelief our more veteran/tutored clients express about the present state of market affairs -- I often find myself harkening back to those tech bubble days (spring of 2000) when retail traders threw all caution to the wind and bid tech stocks into the proverbial stratosphere.

Morning Note: Rotation or Harbinger?

Asian equities traded in mixed, by definition, fashion overnight: 8 of the markets we track closed higher, 8 lower. European markets this morning, however, possess no such ambiguity; 18 of the 19 bourses we follow are solidly in the green as I type. US equities are once again starting the day in let's call it confused fashion; Dow up 296 points (+1.07%), S&P 500 up .21%, Nasdaq down -.80%, Russell 2000 up .94%.

Morning Note: Explosion of #4s

Asian equities traded mostly in the green overnight; 12 of the 16 markets we track closed higher. Same for Europe this morning; 16 of 19 indices presently in the green. U.S. equities are mixed as I type, with the Dow up 244 points (.91%), the S&P 500 up .18%, the Nasdaq down -0.53% and the Russell 2000 up 1.5%. 

Quotes of the Day: A Time To Look Silly

As I continue to stress as the stock market continues to seem to defy economic reality; while much indeed changes over time, there's much about human nature that indeed doesn't seem to.

Macro Update: Assessing the Risk/Reward Setup

Our PWA Macro Index continued its climb out of the abyss this week; coming in at -27.45, a notable improvement of 5.88 points. Three components saw their scores increase, none decreased.

Morning Note: Dollar Rising -- And -- Maybe The Quote of the Year

Asian equities had a rough go of it overnight, with all but 3 of the 16 markets we track trading lower; US moves against select Chinese-owned companies inspired an instant wave of selling. Europe's trading mixed this morning, while U.S. major averages are, save for smallcaps, trading modestly negative: Dow down 100 points (-.36%), S&P 500 down -0.18%, Nasdaq down -0.17%, Russell 2000 up 0.12%.

Quick Update: Core Portfolio YTD (video)

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