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The back and forth pattern finally broke on Tuesday after we got a second consecutive day of gains for the first time since March 2 and 3. The Dow gained 316-points but it was one of the laggards as small caps put up another crooked number, this one a gain at +2.17%. Bonds were down sharply as yields rallied and the bond market seems to be embracing the Fed's next interest rate hike this afternoon. There were certainly some technical improvements in the charts, but many of them are not out of ...

The back and forth continued yesterday after stocks rebounded on Monday following Friday's sell off. The rescue operation of the struggling banks was the catalyst and we got a relief rally in the oversold indices to start the new week. The Dow gained 383-points and the gains in the major indices got back just a portion of Friday's losses. Yields were up pushing the Fund down, and the I-fund led with the help of a decline in the dollar.

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Another day of selling for stocks on Friday as the market tries to price in the combination of elevated inflation, bank failures, bailouts, interest rate hikes, increased liquidity, etc. The Dow lost 385-points and once again small caps lagged badly, while the S&P 500 alternated between losses and gains every day last week. Bonds rallied as yields came down with investors sensing the possibility that the Fed may not raise interest rates this week, which had been the expectation before the ...

The unknown, the overreactions, the pessimism followed by optimism followed by more pessimism; this all added up to a volatile week that would have certainly been an emotional experience for anyone holding stocks through the week. Coming into Monday it seemed like we were bound for mayhem. A second bank had failed over the weekend, being the third largest bank to fail in the U.S. after the second largest bank failed just days before. But swift action taken by a number of regulators that included ...

The best stock market rallies usually come during the worst market conditions, and yesterday we saw another example. Stocks opened lower on Thursday but quickly caught a bid and from there moved steadily higher into the close. The Dow gained 372-points and the Nasdaq led with a 2.5% gain. Small caps didn't lead but for the first time in a while they mostly kept up with the S&P 500. Yields moved higher pushing the F-fund lower, and the I-fund also rebounded after Wednesday's major sell off. ...