Getting Picky

Getting Picky

  For most of this year, the stock market hadn’t been very choosy. Money flowed into pretty much just about everything. Companies with shaky balance sheets did just as well as the steady ones—sometimes even better. But that has changed over the past couple of...
Changing Hands

Changing Hands

  Every day the stock market is a tug of war. Buyers pull one way, sellers pull the other, and the price tells you who won that day. But price alone doesn’t necessarily tell you how hard each side is pulling. For that, you need to look at volume. That is what...
Line in the Sand

Line in the Sand

  There’s kind of an odd thing happening in the stock market right now. A lot of the indicators we follow have weakened over the past several weeks. Breadth has thinned, interest rates and oil continue to be trouble, and sentiment isn’t exactly cooperating. And...
No Stress

No Stress

  Last week, the question came up of whether tighter credit conditions are starting to create risk for the market. It’s a fair question. The Fed just raised rates for the first time in years, and credit usually tightens when that happens. So this week, I want to...
Crude Awakening

Crude Awakening

  Well, there’s no doubt about it. Oil has been a—if not the—story of the year. So this week, I want to look at what a big move in oil prices has historically meant for stocks. Now, most people feel oil prices at the gas pump. But investors feel them somewhere...
Home Field Disadvantage

Home Field Disadvantage

  This week, I want to step outside the stock and bond markets and talk about the U.S. dollar. The dollar doesn’t tend to get the same attention as the stock market, but it touches almost everything in a portfolio. A weaker dollar tends to help international...