Technology is outperforming blue chips premarket Thursday morning, but action is largely random.
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The bond market (TLT) keeps moving higher, which is good for consumer stocks and names sensitive to interest rates.
I’ve been saying that I think it’s time for a bit of a market correction, but the long-term trend is still bullish.
It’s that time of year for blue-chip stocks as fund managers seek safety, and Uber is likely to be the next stock to join the S&P 500.
It’s been a volatile week, even though the market hasn’t really gone anywhere. Trading volume has continued to be light after the Thanksgiving holiday.
I have a strategy that can make money regardless of whether the markets move up, down or sideways.
This morning’s Personal Consumption Expenditures Price Index report, excluding food and energy, rose 0.2% for the month and 3.5% year over year.
Gold is experiencing a significant rally, with no major resistance until the $193 mark.
We only had about 60% of the average trading volume on Monday.
I wouldn’t be surprised to see a little pullback before we head higher again. We’ve had a big move higher already, so we’ll likely dip a bit.