On Wednesday, August 13, the S&P 500 closed at a new all-time high. So did the Nasdaq-100. That very same day, the American Association of Individual Investors (AAII) released its latest survey results, as it usually does on Wednesdays. To…
Everybody hates small-cap stocks. We’ve rarely seen this kind of extreme positioning in any direction ever in stock market history. We talked about it on Tuesday: Russell 2000: The Sheep Are Short, We’re the Wolves Lurking. As a reminder, the…
Today we’re talking about the best fundamental analyst on Wall Street. Usually you won’t hear me talk too much about the funnymentals, but today that’s exactly what we’re focusing on. First, let me set the stage. According to the types…
Early humans moved in herds – not just for protection, but to build social bonds and to share resources. That instinct to stick together shaped our evolution. And, while the world has changed, that herding mentality is still very much…
The total value of all the Cryptocurrency in the world hit $4 trillion last night for the first time ever. This cycle has been different, at least so far, in a few ways. First of all, I’m not getting any…
There’s something about my process you might not expect. I wouldn’t call myself a commodities trader, a bond trader, or a futures trader. But every morning, without fail, I review a full list of commodities and futures before I do…
It’s not bearish for the stock market and stock market investors if European banks are making new highs. And that’s exactly what’s been happening. Go back and study history. You’ll see that when there are cracks in the market, and…
New milestone alert! Investor margin debt exceeds $1 trillion for the first time ever. Permabears around the world are ringing the alarm bells trying to convince you this is somehow bad for stocks. “Margin debt” is money borrowed by investors…
Today I’m going to walk you through the process of how I think about a trade and an opportunity to profit. But this is one where I have more questions than answers. And that’s when I turn to friends for…
Editor’s Note: Due to technical difficulties, Monday’s issue of Everybody’s Wrong was not delivered to all subscribers’ inboxes. We apologize for the inconvenience. You can read The Nasdaq Gets the Hype While the Dow Pays the Bills on our website.…
The Dow Jones Industrial Average is, in my experience, the most important index in the stock market. I understand many Americans, myself included, have benefited from all the success of the Nasdaq, filled with giant American tech companies. I get…
You never know where you’ll be or what you’ll be doing when a major life lesson hits you. The last place I ever expected to learn a trading lesson that will forever stick with me was on a visit to…
