Everything you need to know about the markets. Sowell’s Chief Investment Officer, Dave Moenning, pens an award winning market missive, the “Daily State of the Markets.” The report, which is published Monday-Thursday each week unless otherwise noted, analyzes the drivers of the market and why the market is doing what it is doing. Dave has been writing his “market missive” since the late 1990’s. Reports are published periodically during the week to help you stay current on what’s happening in the market.
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The question I asked in yesterday morning’s meandering market missive was, what is the market narrative now that the healthcare effort has failed and stocks are in a downtrend? After yesterday’s move, the answer is…read more
Prior to last week, the market narrative was based on hope. But then after last week’s GOP healthcare fiasco, the narrative was supposed to change. But a funny thing happened on the way to the disaster on Wall Street…read more
To be sure, the healthcare bill was a fiasco for the Republicans and will perhaps sow seeds of doubt about the prospects for getting tax reform or a stimulus package done. However, the bigger story is our major indicators tell us…read more
At this time yesterday morning, the thinking in the market was that if the GOP Healthcare bill was passed Thursday night, traders could breathe a sigh of relief and look ahead to the more important stuff…read more
To market watchers, it is fairly clear that the fate of the current stock market trend is tied to today’s House vote on the Republican’s healthcare bill designed to “repeal and replace” Obamacare…read more