Financials have underperformed the S&P 500 this year, but that might be about to change. The sector represents a large weighting in the Small-Cap Russell 2000 index. If Financials can pick-up strength soon, it would likely help lift small-cap stocks, which would be a big positive for the broader market. Below is a great breakdown […]
Crude Oil Surges
WTI Crude Oil rallied over 14% today to close at $62.88 per barrel. This marks the largest single-day percentage gain for the commodity since June of 1998. On Friday we ran a Twitter poll asking which level WTI Crude Oil will hit first, $50 or $60. While 54% of respondents said $60, I donβt think […]
Small-caps Showing Signs of Life
For a majority of the year, the underperformance of Small-caps has been one of the more valid arguments that the bears have had for betting against stocks. However, in the past week, Small-caps have made an impressive comeback. As a legendary trader, Peter Brandt points out in the tweet below, this eliminates what has been […]
The Most Important Indicator Right Now
The S&P 500 fell nearly 7% from its all-time high at the beginning of August. Since then, the index has been chopping sideways as market participants anxiously try to figure out which direction this consolidation will resolve. In environments like this, it can be helpful to analyze market internals, like breadth, to gauge the overall […]
Trendless Markets
The legendary Paul Tudor Jones once said: “Markets trend only about 15 percent of the time; the rest of the time they move sideways.β When you think about this quote in the context of today’s stock market it’s clear that we’re in the midst of that 85% of the time when markets move sideways. In […]