Lance Roberts's Comment & Analysis
A complete archive of Lance Roberts's articles, including current analysis & comment - Page 3
As we noted in a recent article entitled The High Beta Melt Up: Echoes of 1999, there has been a notable change in investor preferences since the April lows. To wit:
"What we do know is that, starting...
“Buy Every Dip” has lately been the “Siren’s Song” for this market. Such is seen in the flows into ETFs over the course of this year. Retail investors treat pullbacks as temporary noise, and their...
There is little doubt that excess bullishness has invaded the general market psyche. Just a couple of months following the market decline in March and April, where sentiment turned exceedingly...
The latest economic data suggests the US economy is decelerating. That means growth is slowing, jobs are shrinking, and households are spending less. As we showed in a recent #BullBearReport,...
Nearly $3 trillion of notional stock options expire on Friday’s open expiration (OPEX day). Over half of the OPEX volume is in S&P 500 options, with the remainder in single stock options. The...
In Warren Buffett’s Berkshire Hathaway’s (NYSE:BRKb) latest SEC disclosures, the company reported buying a nearly $1 billion stake in homebuilders Lennar (NYSE:LEN) and DR Horton (NYSE:DHI).
The...
The Jackson Hole Economic Symposium, hosted by the Federal Reserve Bank of Kansas City, is an annual event in which central bankers from the Fed and around the world gather with policymakers,...
Mainstream commentary repeats a simple refrain: “Buybacks return capital to shareholders.” The logic sounds convincing. A company reduces its outstanding shares, giving each shareholder a...
Private equity funds often buy assets intending to sell them and realize a profit over a specific period. However, recently it’s become more common that their assets are not ready to be sold...
Since the pandemic, markets have been behaving abnormally. One such instance is a somewhat regular occurrence of bad market breadth. In other words, the market-cap weighted S&P 500 drives higher,...