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A top heavy rally for the stock market yesterday may have created some FOMO, but if you were listening carefully you could hear a sucking sound as they reeled in investors despite many negatives that didn't show up in the indices. The Dow gained 224-points, and the S&P 500 gained almost 1%, thanks to the big gain in Alphabet (Google). If you take out Google, it wasn't so so good. Plus we had some after hours trouble that could pose a problem for stocks today. The dollar was down and bonds ...

Stocks were floundering in the early session on Tuesday, but a rally ignited in the afternoon. Being the first day of a new month, it's not unusual to see new money coming into the market, hence the tendency for the first day to do well. The Dow ended the day up 237-points, and the other two major indices were in that same percentage gain area. The I-fund and small caps outperformed. The dollar was down again, and bonds were mostly flat.

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Stocks started out on the sluggish side on Monday morning before investors started to buy again, giving us a clue that the selling side may have been exhausted for a bit - well at least for a couple of days because the S&P is already about 7% off last Monday's low. The Dow lagged percentage wise with its 406-point gain, while the Nasdaq and small caps exploded with gains over 3%. The I-fund also rebounded and had the help of a big decline in the dollar as well.

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Another major reversal for stocks on Friday and this was one of the few that saw stocks down early and finish strong. The Dow was actually negative at 2:40 PM ET before someone flipped a switch and a massive rally ensued in the final 80 minutes of trading. It was just the second positive close for the S&P 500 in the last nine trading sessions, and the prior one was just a gain of 0.28%. Friday's was a 2.45% gain for the S&P. Small caps kept up with the large caps, but the I-fund will ...

Economic Calendar


-- Intrepid Timer

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