S&P 500

Authored by Lance Roberts via RealInvestmentAdvice.com,

In this past weekend’s newsletter. I discussed the potential for the market to hit new highs. To wit:

Update: This seemed to sum things up in Cupertino perfectly - Steve Wozniak is wandering around. He said he is excited to see the new iPhone features, especially the facial recognition. He likes the feature a lot on his Samsung phone.

1001ET BLACKBERRY ENTERPRISE UPDATED TO AAPL IOS 11 MOBILE OPER SYSTEM

The stock ran up excitedly into the event...

1007ET APPLE TURNS POSITIVE AS PRODUCT EVENT BEGINS

1019ET Apple Watch - *FOSSIL SHARES DIP AS APPLE CLAIMS TOP POSITION IN WATCHES

Authored by Peter Tchir via Brean Capital,

I wish it was Sunday‘Cause that’s my fun dayIt’s just another melt-up Monday

The S&P 500 has rallied 1% or more four times this year – three of those have been on Mondays (4 out of the 7 largest upside moves this year in the S&P 500 have been Monday’s).

Unlike in the good old days where Merger Monday mania drove Wall Street, it has been – take your hedges off Monday that has driven the returns.

Exxon Mobil (XOM) has little to brag about over the past 6-years, as its performance is flat and it has lagged the S&P 500’s gains by nearly 95% (See Chart Below). If one looks back 10-years, XOM hasn’t made any gains either! Could times be about to change?

CLICK ON CHART TO ENLARGE

Authored by Mike Shedlock via MishTalk.com,

John Hussman’s presents a message no one wants to hear because nearly everyone is too busy believing for the third time in 17 years that “It’s different this time”.

Last week Hussman wrote about Valuations, Sufficient Statistics, and Breathtaking Risks. This week it’s more of the same with his post Behind the Potemkin Village.