July 20, 2022 | Daily JAM, Morning Briefing |
Yesterday I wrote about how Bank of America’s monthly fund manager pointed to investor capitulation in the ongoing Bear Market. Today, strategists at Sanford C. Bernstein disagreed. “We have not yet seen capitulation in outflows from equity funds.”
May 24, 2022 | Daily JAM, DIS, Dividend Income, DUK, Jubak Picks, KO, MRK, PEP, PFE, Top 50 Stocks, XLU |
Of course, there’s nothing even vaguely normal about a day when a stock falls 43% and takes much of the market with it.Snap’s (SNAP) plunge did take some surprising candidates along for the ride. Tesla (TSLA) dropped 6.93% on yet more bad news on production in its Shanghai factory. Disney (DIS) fell 4.01% just because. SentinelOne (S) was lower by 8.11% since everyone knows that cybersecurity stocks are just a fad.
But on balance, on the green side (and yes, there was a green side to the market) the market did what markets are supposed to do in the face of bad news and an increase in fear.
May 23, 2022 | Daily JAM |
Looking for the bottom on this plunge or bear market (true bear in the NASDAQ and near bear market in the Standard & Poor’s 500)? Despite the pain we’re all feeling in our portfolios, I think we’ve got a way to go. I base that conclusion on both the major economic trends still ahead of us and recent stock market action.
October 26, 2018 | Daily JAM, Short Term |
What's really remarkable is not that U.S. stocks are down again today, but that the U.S. market is hanging so tough. There's no sign of the kind of capitulation that usually marks the end of a downturn. In fact, there's very little sign of the kind of panic that...