The Latest Breaking News from Spy

Every investor appreciates that recessions and bear markets go hand in hand. But the definition of a recession often seems more difficult to pin down. So are we in a recession? And if not, then does that mean that disaster has been averted or that the pain train is still…

Friday’s Mega Millions jackpot has hit $1.1 billion, which could mark the second highest winning ticket for the jackpot game. Here’s a look at how much someone could take home and what they could choose to purchase with the winnings.

The bear market rally has extended further with a strong showing, following the Fed meeting and even more gains in the after-hours sessions due to strong reports from Apple and Amazon. Fortunately, we had been anticipating this and modestly increased our exposure and enjoyed some outperformance. In today's commentary, I…

The S&P 500 (SPY) has managed to pull off a fantastic bear market rally and now, we are off the mid-June lows by nearly 10%. In last week's commentary, we noted the bullish reactions to negative news like the CPI report which did get our spidey senses tingling. We also…

Bear markets require more patience than bull markets. That’s because the rallies are so impressive that it beckons you to come back on board only before crashing to new lows. Truly a “sirens song” for investors. Let 40 year investment veteran Steve Reitmeister explain to you why stocks (SPY) will…

The redesigned BMW should arrive for the 2024 model year.

Inflation news provides more signs the worst in the stock market (SPY) is not behind us. Earnings season is providing more signs the worst is not behind us. Economic reports are providing more signs the worst is not yet behind us. The only confusion is all the silly little "suckers…

2022 has been a very difficult year for investors as the stock market (SPY) has tumbled into bear market territory. Thus, the strategies that worked so well in 2021 are getting crushed. Add inflation, inverted yield curve and hawkish Fed to the mix and you understand why the downward pressure…

The S&P 500 (SPY) declined more following the June CPI report which showed that inflation was worse than expected at 9.1% vs 8.8%. As a result, the odds of a 100 basis point hike at the July meeting and a 75 basis point hike at the September meeting increased. Ironically,…

2022 has not been fun as the S&P 500 (SPY) has spent the better part of the last month in bear market territory. For as painful as that is there is good reason to believe that the worst is still to come. Why is that? How much lower can stocks…

Sometime last year, I presented a theory that this is probably the most unusual time in economic and financial history due to the pandemic, shutdowns, stimulus, war, etc. It's made a mockery of many forecasters who were late in recognizing the inflation threat, underestimated the economy's resilience in 2020 and…