Posts by Mike Verity

Stock market averages opened lower this morning (Dow -170 points; S&P 500 -.3%) on another trade tariff announcement from the Trump Administration. But there’s no sign of real panic. Yes, gold continues to inch up. But the VIX Index—measuring expected volatility in the near future—has stepped down to 18.5 from 28 three weeks ago. And…

Stocks opened lower again this morning as the correction continues. From all-time highs on February 19, the Dow is down 6.5%, the S&P 500 is down 9% and the Nasdaq is off by nearly 12%. The VIX fear gauge is up around 27. Treasury bonds, seen as a safe-haven asset, are rallying. And recession chatter…

Stocks rebounded this morning, following yesterday’s big intraday reversal (see below). At the moment, the Dow is up 75 points, the S&P 500 is up .5% and the Nasdaq is up .9%. The bond market is also trading broadly higher today with the exception of long-term Treasuries. Corporate bonds are leading the charge, up between…

Stocks rallied hard today in the wake of an inflation report as well a couple of earnings announcements. I’ll address these two catalysts below. The Dow is up over 600 pts, the S&P 500 is up 1.5% and the Nasdaq is up 2% at the moment. Bond are rallying as well, with intermediate corporates up…

Major stock market indices fell today (Dow -696 pts; SPX -1.5%; Nasdaq -1.6%) and are broadly lower in the new year. The VIX Index, commonly seen as fear gauge for traders, rose to nearly 20. Gold surged about 1% today. But before you assume this was a conventional risk-off session, know that the bond market…

Looking back over the past year, we’re gratified by all that has been accomplished. In the brilliant success of the economy & capital markets, it’s hard not to sense a sort of cooperation between Corporate America, Wall Street (investors), Main Street (consumers), and the Federal Reserve. Everything seemed to hold together despite a presidential election…