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At the close of trading today, the S&P 500 Index is up 100.22% on a price-only basis from its March 23, 2020 low of 2,237.40. It took the market 353 trading days to reach this feat, or just short of a year and a half. Except for some volatility around the U.S. election in Nove...
We believe ignoring the effects of climate change on portfolios is not an option, and the window for investors to position portfolios may be shrinking. The U.S. Senate passed a $1.2 trillion infrastructure bill that now awaits a House vote. Congress will take up the $3.5 trillion spen...
The volatility of the dollar does present some problems for the world but, for better or worse, it is the world’s reserve currency and I see no real threat to that status on the horizon. I positioned our portfolios for a weak dollar period early last summer and maintained those...
This week, the market did register new highs, but only by a small fraction. What is important to note is that these incremental gains are burning through buying power, which leaves the markets increasingly vulnerable to a correction, given the proper catalyst. However, for now, with v...
With about 90 percent of all S&P 500 companies having reported, the blended growth rate - comprising the actual reported numbers along with analysts’ estimates for the remaining 10 percent - is a stonking 91 percent. A big part of that figure comes from the basis of compari...
Inflation is a bit stickier than expected. And as it is not leading to higher long-term interest rates, it’s not yet having the traditional effect on earnings multiples and bond prices. Despite equity markets near all-time highs, investor anxiety is up. Strategas Chief Inve...
More and more reports continue about the impending market crash. Sadly, very few of such reports are based upon a solid understanding of market context. The next pullback is a buying opportunity. For further details see: Sentiment Speaks: The Market Is About To Crash - P...
Walmart reports their July ’21 quarter this coming Tuesday morning, which traditionally and unofficially ends the quarterly reporting period. The data glitch experienced at IBES by Refinitiv the week of July 30, ’21 appears to have dissipated. Q3 ’21 S&P 5...
The pandemic is expected to change the labor market, with more work from home and higher wages. One unexpected change is the large increase in new business applications. Last Spring, there was speculation people were forming businesses because of a bad labor market. But as of June...
Refinitiv disclosed a glitch in the S&P 500 calendar year EPS data for 2021-2023 impacting data during the week of July 30, 2021, and then corrected it during the week of August 6th, 2021. You could make the case – and I think we’d all agree – that the S&P...
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Direxion Closing Four ETFs Closures Due to Limited Interest Since Launch PR Newswire NEW YORK , Aug. 20, 2021 /PRNewswire/ -- Due to the their inability to attract sufficient investment assets, the Board of Trustees of the Direxion Shares ETF Trust has d...