Analysis, ideas and strategies for building wealth from a pro

The Market Melt Up: The Big Point

Professor Glenn A. Okun

The Rabid Capitalist: The Big Point is a summary of a detailed note available to paid subscribers.

After Labor Day, investors returned to the stock market with zeal. Although August stock price levels failed to withstand one week of scrutiny, investors have embraced equities over the last two weeks of September. Unfortunately, the market’s broad measures of performance disguise underlying weaknesses previously identified by the Rabid Capitalist.

The Russell 2000 rotation that began mid-summer, the magnificent seven rally and the capital flows into speculative market segments have persisted. These moves have occurred on unconvincing trading volumes.

The Russell fades

The rotation into the Russell 2000 that began in mid-July has persisted. Trading volume has been unenthusiastic.

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