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The great Financial Crisis Bear Market of 2007-2008 was a brutal affair. The way some talk about it you would think it was a straight-down move that mowed down everything in its path. In fact, it was not particularly different from most bear markets, as we can see on the weekly chart of the S&P 500 from that period below. The market topped in October 2007 and rolled around... Read More

Sell in May and go away. You hear that one all the time, but in 2022 it was better to sell in January and fuhgeddaboudit. The absurdity of such bromides like “Sell in May and go away” is that the other side of the equation is ignored entirely; there is no corresponding rhyme, maybe something like “Buy in September, if you can remember” that tells you when to buy back what you sold in May. Meanwhile,... Read More

Special Announcement: Going forward, The Marder Report will be available twice weekly, on Wednesdays and Sundays by 6 p.m. PT, by subscription at www.marderreport.com . This service has been priced to be affordable for just about everyone, at about $41 per month with the quarterly discount. There will also be a premium version that includes: A... Read More

The big picture is a market rotating away from small-cap/mid-cap/growth and into large-cap/S&P 500/blue-chip stocks. The clearest signs of this divergence can be found in charts of the cumulative NYSE advance-decline line and the % of NYSE stocks above their 50- and 200-day moving averages. This rotation into lower-risk names is classic late-cycle behavior. It has been discussed numerous... Read More

Stocks remain in good shape, bolstered by strong earnings growth and still-low interest rates. The Nasdaq Composite and S&P 500 are just days off their all-time highs, while the advance’s breadth is solid. Leadership in the growth sector has been notable, with a few liquid glamours leading the way along with numerous more-speculative issues, including Tilray (TLRY), Bandwidth... Read More

Stock averages continue to hold their own as proceedings move through a normally slower season of vacations. While volume left a little something to be desired on the S&P 500’s latest move to a new high, turnover on the Nasdaq made up for that. ... Read More

The averages make progress as they put their brief June swoon behind them. Volume remains less than desired, especially at the level of the averages. For example, activity has actually diminished on all four S&P rallies since the Apr. 2 low. ... Read More