S&P 500 Spiked 6.58% at June Rally | Impact on Index & Moving Averages
In last week’s Capital Ideas column, I reminded readers that I had been betting there would be a “rip-your-face-off” rally after May 22, 2022. One week does not a rally necessarily make, but the week after that column was published, the S&P 500 spiked 6.58 percent. That was the 53rd rally of 5 percent or more…
By Allen Harris
June 6, 2022
US economy today: is this a recession or just a growth scare?
On May 19, 2022, I attended an invitation-only webinar. It was hosted by FSInsight and presented by DeMARK Analytics. Fundamental portfolio managers check their work through FSInsight. Technical analysts check their expectations through DeMARK Analytics. Early in 2022, FSInsight nudged me to rotate some of my growth positions to value when they predicted that the first half of…
By Allen Harris
May 31, 2022
Can the Federal Reserve engineer a soft landing?
Can we talk about how crazy the first quarter of 2022 was? From Volodymyr Zelensky to Will Smith. The so-called “Don’t say gay” bill and the woefully mislabeled “Billionaires’ tax.” From the vetting of Ketanji Brown Jackson to the Olympics (well, maybe not the Olympics), the world was buzzing about serious news and outright nutso…
By Allen Harris
April 11, 2022
When will the stock market bottom?
On May 22, 2022, the stock market will bottom after declining 15.1 percent from its high. Or, maybe the bottom is already behind us after the decline of the S&P 500 stock market index cracked double digits during intraday trading. A completed correction looks similar to the start of a new bear market. The problem…
By Allen Harris
February 7, 2022
The ‘Fed put’ is dead
“Is this it? Is this the start of a 10-15 percent correction?” asked Dana, a client of mine. At the time of the question, the S&P 500 was down just about 5 percent from its recent high. Trying to sound empathetic and not cavalier, I shrugged and said, “Maybe.” I gave her the stats —…
By Allen Harris
January 24, 2022
Unpopular opinions in the face of a bear market
Recently I had the honor of presenting at the 36th Private Wealth Management Summit. My audience was a few hundred-ish other investment advisors. The event was described as “an invitation-only, premium summit bringing leading private wealth management investors and innovative fund managers and consultants together.” Although I was given the role of advising other advisors, I…
By Allen Harris
June 22, 2022