stock market commentary

20 Jun: Stock market commentary June 20, 2020

Stock market commentary Interesting stock market commentary, stock market opinion about where the US stock market and stocks may be headed. Investing in stocks is challenging and risky, the valuation of stocks is a top important factor never to ignore. ‘La la land?’ The stock market is ‘insanely disconnected’ and due for a ‘reckoning,’ Warren Buffett buff warns “That is Jeremy Grantham, co-founder and chief investment strategist at Boston-based money manager Grantham, Mayo, Van Otterloo & Co., offering up a stark warning to speculators driving the stock market to new heights amid the greatest pandemic of the past century. “This is really the real McCoy, this is crazy stuff,” said Grantham during a Wednesday afternoon interview on CNBC that appeared to knock some of the stuffing out of a market that had been drifting along listlessly on Wednesday. Gratham painted a very dire picture of the investment landscape in the…

15 Jun: Stock market commentary for June 15, 2020

At 4:40 AM today, Monday, June 15, 2020, Eastern Time (ET) the US stock futures fall more than 1.5% for the major stock indices. Stock futures S&P Futures: 2,968.50,-66.25(-2.18%)Dow Futures: 24,857.00,-679.00(-2.66%)Nasdaq Futures: 9,475.75,-169.25(-1.75%)Russell 2000 Futures: 1,345.60,-37.60(-2.72%) Stock market today may open lower The latest stock futures data point to lower open for the stock market today. The main reasons for this lower open today for the stock market could be due to the following reasons: “Stock futures sank Sunday evening as investor jitters over rising coronavirus cases in key parts of the country stirred up an extension of last week’s pullback in equities. Last week, stocks posted their first weekly loss in a month, with a steep selloff on Thursday comprising much of the weekly decline. The plunge, which came on the heels of a more than 40% run-up in the S&P 500 since March, came after new data showed…

05 Jun: Stock market commentary for June 5, 2020

Stock market is rallying today, forecasts were wrong about the US jobs report At 12:40 PM, ET time today June 5, 2020, the US stock market is rallying. All major stock indices are up more than 2%. The small-cap stocks outperform again, a trend that is evident for quite some time now. The latest stock market update is as follows: S&P 500: 3,201.76,+89.41(+2.87%)Dow 30: 27,222.01,+940.19(+3.58%)Nasdaq: 9,831.30,+215.49(+2.24%)Russell 2000: 1,518.05,+65.99(+4.54%) The US stock market has defied bad news Today the very positive news about jobs report and the unemployment justify the stock market rally. Yet forecasts always have the risk of being wrong. Today the actual numbers were much better than the forecasts. So in economic forecasting, the figures today for non-far payrolls and the US unemployment were totally out of sync with the actual numbers. This uncertainty makes stock market analysis both challenging and interesting. Our stock market commentary today is…

14 Apr: Stock market commentary for April 14, 2020

US stock market A stock market rally today for the first hour of the trading session. At 10:20 AMTuesday, April 14, 2020, Eastern Time (ET) the US stock market is up: S&P 500: 2,842.52,+80.89(+2.93%)Dow 30: 24,027.32,+636.55(+2.72%)Nasdaq: 8,470.90,+278.47(+3.40%)Russell 2000: 1,246.96,+34.92(+2.88%) US stock market earnings season has started, results are supposed to be very bad, yet stocks rally This is not justified from a fundamental analysis. “JPMorgan warns of ‘fairly severe recession,’ increases credit reserves by $6.8 billion“ “JPMorgan Chase (JPM), the largest U.S. bank by assets, kicked off earnings season for the big banks on Tuesday by announcing that it set aside billions in anticipation of loan losses. “In the first quarter, the underlying results of the company were extremely good, however given the likelihood of a fairly severe recession, it was necessary to build credit reserves of $6.8B, resulting in total credit costs of $8.3B for the quarter,” CEO Jamie…

08 Apr: Stock market commentary April 8, 2020

A stock market rally today, Dow today is up more than 600 points All three major stock indexes have gains of more than 2%, as of 3:27 PMWednesday, April 8, 2020, Eastern Time (ET). What is the reason for today’s stock market rally? “U.S. stocks were rising on Wednesday with investors hoping that the U.S. could roll back containment measures put in place to fight the COVID-19 pandemic sooner than expected. The buoyant sentiment in stocks also may have reflected the announcement that Bernie Sanders had suspended his campaign for the U.S. presidency, leaving former vice-president Joe Biden to compete with President Trump in November’s elections.” Source: https://www.marketwatch.com/story/dow-futures-aim-for-a-subdued-open-a-day-after-the-most-dramatic-u-turn-for-stocks-in-12-years-2020-04-08?siteid=yhoof2&yptr=yahoo Why a stock market bottom is yet to be confirmed Stocks rise today. But for all stocks now this is just irrational exuberance. We wrote yesterday about Boeing stock. Shares of Boeing continue to rise today, half an hour before the close…