Nothing goes up in a straight line, not even during the holidays, so a near-term market pullback would be a healthy way to prevent a steeper correction in January.

Better to let the market tell you when that retracement ends than to try to impose your opinions on the market.

Despite the first confirmed case of Ebola in New York City last night which had S&P 500 and Dow futures down, the markets opened higher this morning on more good news from corporations.

As FedEx reports earnings, new technologies threaten to reshape the logistics industry sometime in the foreseeable future.

Rather than a Great Rotation from bonds into equities, the rotation instead has been from growth into value. Among the ten U.S. business sectors, uber-defensive sector Utilities is still the clear leader year-to-date, up more than +10%, followed by Energy and Healthcare.

I did not like the GDP report very much and almost all of our trade ideas were for shorting the momentum stocks as they flew back up to their highs – as if the last week never happened. David Fry agrees.