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Category: Current Market Events

Q&A – Answering Your Questions Now

For many years, SMI used to run a "Q&A" column in the newsletter every month where we would answer reader questions. We haven't done that in recent years, as the ability to interact in the comments on every article online
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SMI on the Radio: Interest-Rate Reversal (audio and transcript)

The Federal Reserve recently reversed course and cut interest rates. SMI executive editor Mark Biller explained why that's significant and what it may mean for investors yesterday on Moody Radio's MoneyWise
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Yield Curve Inverts – What You Need to Know

We've been witnessing tremendous daily volatility in the stock market recently and today is no exception. That said, the primary catalyst for today's plunge lower — the "official" inverting of the yield curve — is a big
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Trump/Powell Ping-Pong Match Takes Its Toll

Well, that was quick. Just six trading sessions ago (the Friday before last), the S&P 500 set its most recent all-time high. As we've pointed out several times, other parts of the stock market haven't been as strong —
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SMI by the Numbers

SMI is now in its 30th year! Our executive editor Mark Biller has been thinking about several significant numbers related to SMI’s history — and also about numbers that tell us something about the current market
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August Sightings

Value Stocks Haven’t Traded This Low Since the Dot-Com Bubble A total-return measure of value versus growth across developed markets just slumped to its lowest since 2000. That marks almost two decades since shares dubbed
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Beware the Short Memory, and Other Points to Ponder

Crazy times “We are in such bizarre times, all bets are off. It is certainly not the time for ‘buy and hold’ unless your goal is to lose everything. If not, then you need an active, flexible, defensive investment strategy
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Howard Marks on Cycles

Just came across a section in Howard Marks' Mastering the Market Cycle that I love. It's a great, succinct summary of what I'm always trying to convey (in posts like yesterday's) about certainty vs. probability, and
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Bad News Isn’t Good News, It’s Bad News

Last week, I wrote about the rate-cut optimism that has recently driven the stock market to new highs. Today I want to dig into that a bit further and explain why this shift may mark the beginning of the end for both this
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Rate-Cut Optimism Drives S&P 500 to Milestone

The S&P 500 index briefly topped 3,000 for the first time today, driven by investor optimism that the Fed is on track to cut interest rates at the end of July. A rate cut this month would be a pretty big deal, not so much
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