Category: Commentary

“Gold” is a song by American country music singer Dierks Bentley. It was released on August 8, 2022, as the first single and partial title track to Bentley’s tenth studio album Gravel & Gold. Continue reading “The Dierks Bentley “Feels Like Gold” Stock Market (and Sentiment Results)…”

Continue reading “May 2023 Bank of America Global Fund Manager Survey Results (Summary)”

“She Had Me at Heads Carolina” is a song co-written and recorded by American country music singer Cole Swindell. The song contains lyrical and melodic references to Jo Dee Messina’s 1996 debut single “Heads Carolina, Tails California”, and credits that song’s writers Mark D. Sanders and Tim Nichols as co-writers. The song peaked at number 16 on the Billboard Hot 100, Swindell’s highest charting appearance to date. (Source: Wikipedia) Continue reading ““Heads Carolina, Tails California” Stock Market (and Sentiment Results)…”

On Wednesday, Chairman Powell bumbled his way to another selloff.  Par for the course – as he holds the record for worst market performance following his communications: Continue reading ““Tell Me You’re Pausing, Without Telling Me You’re Pausing” Stock Market…”

Earnings are coming in nicely, but there is an overhang on this market – and until resolved, the market is stuck in the mud.  First Republic (FRC) is now a zombie bank that no one wants to take over because they would need to raise a significant amount of equity capital against the upside down assets/write-downs. Continue reading ““Put It Out Of Its Misery” Stock Market (and Sentiment Results)…”

“‘Knockin’ on Heaven’s Door’ is a song by American singer-songwriter Bob Dylan, written for the soundtrack of the 1973 film Pat Garrett and Billy the Kid. Released as a single two months after the film’s premiere, it became a worldwide hit, reaching the Top 10 in several countries. The song became one of Dylan’s most popular and most covered post-1960s compositions, spawning covers from Eric Clapton, Guns N’ Roses, Randy Crawford and more.” Wikipedia

Continue reading ““Knockin’ On Heaven’s Door” Stock Market (and Sentiment Results)…”

Snatching Defeat From The Jaws of Victory

On Wednesday, the market started up nicely on the back of the better than expected CPI prints:
Continue reading ““Snatching Defeat” Stock Market (and Sentiment Results)…”

As you can see in the chart above, there have been no gains for the S&P 500 for 12 months, and there have been no gains in the S&P 500 for 24 months.  It is unchanged!  As the old saying goes, markets can correct in price or in time.  In this case it has been working off its excess post-covid run for two years, while earnings have continued to press forward: Continue reading ““Stuck in the Middle with You” Stock Market (and Sentiment Results)…”

“Don’t Stop Believin’” is the second single from Journey’s seventh studio album ‘Escape’ released in 1981. Although the song only reached #9 on Billboard Hot 100 and #62 in the UK Singles chart, the track became a timeless classic.  Today, “Don’t Stop Believin’” can be heard at just about every wedding, high school dance, and Saturday night college bar you can think of. The popularity of “Don’t Stop Believin’” in modern times started in 2007, when the song was used in the iconic final scene of The Sopranos.
Continue reading ““Don’t Stop Believin’” Stock Market (and Sentiment Results)…”