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The below chart comes from Mike Harris at his Price Action Lab blog and I find the question it asks to be absolutely fascinating: He’s showing you that every pause in the US stock market over the last few years has been a quick drop and recovery, with almost no periods of consolidation (a flattening…

Janet Yellen is speaking now from the Kansas City Fed’s junket in Jackson Hole. The Federal Reserve has released the full text of her address and on the surface, it appears dovish enough (which was the expectation). I thought this bit on recent trends in wages was interesting – hard to have inflation in the absence…

A popular tale financial pundits and Fed critics like to tell around the campfire is that the Fed’s ultra-low rate policies have led to a speculative mania that has Americans chasing down risky investments for higher yields from sun-up til sundown. The “Chase for Yield” is, according to some, about to be our undoing – just…

In early 2013, the “It’s 1999 again” bears came out of the woodwork and I spent a day looking at the way the stock market’s new highs were being covered by national newspapers all over the country. Surely, in 1999, everyone was both aware and excited about the milestones in the market – if we…

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Ten years ago today, Google went public at $85 a share via underwriters Morgan Stanley and Credit Suisse. At the last minute, the price was actually cut down a bit and people were very skeptical of the company’s then-massive valuation, even if enamored with their stranglehold on the search and ad game online. Keep in…