View From the Hill: SP-500 Overbought Market Still Requires Respect

Posted on Leave a commentPosted in Equities, Views From The Hill

Comments: The SP-500 (SPY) logged its 5th consecutive day and 4th consecutive week of new record highs. To state that equity markets are overbought would be an understatement. However, the recurring pattern in this market has been one of consolidation followed by breakouts, which represents a textbook confirmation of a bull market and should be respected by […]

Technology’s Capital Market Theme: Portfolio Protection With Cyber Security

Posted on Leave a commentPosted in Equities

In early September, Equifax (EFX) announced a security breach that occurred back in mid-May 2017 and was discovered in late July 2017. Just yesterday, WholeFoods, a recently acquired division of Amazon (AMZN), reported a hack that may have compromised its customer data. Other high profile hacks thus far in 2017 have been Chitpotle’s (CMG) Payment […]

View From the Hill: It’s All Fun and Games Until…

Posted on Leave a commentPosted in Bonds & Fixed Income, Commodities, Currencies & Forex, Equities, Real Estate, Views From The Hill

Going into the weekend the equity markets are delivering mixed results. Outside of Bonds, Utilities, and Real Estate, the Fed announcement on monetary policy and unwinding its balance sheet had very little effect from a weekly perspective. Today, it appears Geopolitics has re-emerged as a toxic cloud over the broad markets  as tensions between North […]

Qualifying and Quantifying Current Equity Market Risks

Posted on Leave a commentPosted in Equities, Views From The Hill

Given the fact that the bull market in equities has now extended 9 years since the March-2009 low and that the seasonally ominous month of October is arriving soon, I thought now might be appropriate to quantify (technical) and qualify (fundamental) some of the risks confronting the market. Below is a monthly chart of the […]

SP-500 Weekly Percent Change Leaders and Laggards

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  This week’s top percentage gainers for the sP-500 were well represented by the Technology sector, e.g. Seagate (STX), Micron Technology (MU), and Nvidia (NVDA). Consumer Discretionary stocks were another source of  strong performance, mainly coming from the leisure and travel industries, e.g.Wynn Resorts (WYNN) and Royal Caribbean Cruises (RCL); and housing related industries, e.g. […]