stock market overview

Weakness abounds despite the recent bullish stock-market move

The stock market broke out of its bearish trend and headed up towards the very long resistance area that has been in place since February 2015. The fundamentals remain bearish (e.g., business inventories divided by business sales is at recession levels and continues to increase); so, why isn’t the market sinking? The insiders who control […]

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The stock market’s non-endorsement of the Federal Reserves postponement of raising interest rates

The stock market initially applauded the Federal Reserve’s decision yesterday to postpone raising short-term interest rates.  But, overnight the market sold off and now it is moving higher again to just below where it started before the announcement yesterday. The Federal Reserve has kept interest rates near zero for over six and a half years. […]

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