Ned Davis Sees a Passive Investing Bubble Expanding

As they relate to U.S. economic growth, the lofty expectations concerning the Trump administration seem to be cooling off, says a recent article in Barron’s. Since March 1st, the article states, the fifty biggest stocks in the S&P 500 are down by 1.8% and the fifty smallest are off by 5.4% (citing data from Bespoke Investment Group). Overseas valuations are more moderate, it asserts, and the dollar has “failed to rally further even after an… Read More

October Low Could Signal Rally

Over the last 120 years, the Dow Jones Industrial Average has gained an average of 6.8% from its lowest October close through December 31st, writes Mark Hulbert in last week’s MarketWatch. Given recent dips, we could see a “significant rally through the end of the year,” according to Hulbert. He contrasted post-low monthly gains going back to 1896 and found that those following October lows are the largest. This pattern, Hulbert writes, has led many… Read More