The Money Behind Spike
The other day, there was an arresting interview online from Davos. It featured a guy called Ray Dalio. This man manages a startling $140 billion and speculates in the markets. He started with $5 million, so evidently he is good at what he does. Read More Click Here.
Stocks Fall but Notch A Strong January
Stocks took a breather at the finish of a monthlong sprint higher, but the blue chips still marked their best January since 1994.
The Dow Jones Industrial Average fell 49.84 points, or 0.4%, to 13860.58 on Thursday. But the index climbed 5.8% for the month, its best since October 2011. The Standard & Poor’s 500-stock index declined 3.85 points, or 0.3%, to 1498.11, but climbed 5% on the month, its strongest start since 1997. Read More Click Here.
Is the Rally Nearing a Peak
Yesterday’s preferred wave count outlined a small fourth wave correction as the most likely outcome for the session, and the market performed very much in line with that expectation. Odds are reasonably good that there’s still a small degree fifth wave-up left to come, ideally peaking into my 1520-1530 target zone — however, we’re now within the margin of error for that wave count. Read More Click Here.