Page 2 - Tactical Alpha News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Of course, the market hit new highs in January and February, but this, time it's different. Previous new highs in January and February were greeted with some hand-wringing: it was mostly big-cap tech stocks that were forcing the markets higher. Not this time. The rally has broadened out, big-time. Far more stocks are advancing than declining. Nearly one-fourth of the stocks in the S&P 500 and the NYSE Composite Index are at new highs. Recently, laggard groups like utilities, health care, and REITs have been outperforming prior leaders like technology and industrials. Value is at a new high. G...

The stock market's rally to a record on stimulus and vaccine hopes leaves little room for error CNBC 1/21/2021 © Provided by CNBC Traders on floor of the New York Stock Exchange. With the Biden inauguration — and the risk of disruption — now over, what's next for markets?  Popular Searches The good news: So far, those hopes are coming to fruition. The bad news: The stock market has run up big and there is very little room for error. The macro: Plenty of 'hopium' The bedrock of the market rally to historic highs is the trifecta of additional stimulus to get through the Covid winter,...

Big banks like JPMorgan Chase kick off earnings season on Friday on a good omen: Banks are strong going into earnings season. "This is the first earnings season in recent memory where banks have been leaders going into earnings season," said Tactical Alpha's Alec Young.  Indeed, the SPDR Bank ETF (KBE), a basket of large banks, is up 30% since the November election, far outperforming the S&P 500. And unlike much of the market, bank stocks are not overpriced. "They have a lot of room to move up, they are not expensive," Young said.  Why we need guidance now "As earnings season gets underway...

"Look at the small cap Russell 2000. It was up 4%. The Nasdaq 100 was down 1%. That is a sure sign the market is betting on stimulus and some change in tax policy. The market is looking forward to earnings and growth down the road." Others agreed. "It is a bit hard to reconcile all the different forces at play, but ultimately it seems like the election is carrying the day," said Jack Miller, head of trading at Baird. That transition to power has come with a belief that more stimulus is coming: materials, energy, industrials and other cyclicals that would benefit from stimulus were all up 2...