Last week, the market showed some signs of life. The Dow surged 6.2% to halt a streak of 8 weeks of declines. It was the longest weekly losing streak for the Dow in 90 years. The Dow trailed the S&P and the Nasdaq which rallied +6.6% and +6.8%, respectively. Most of the rally came on…
Markets are under significant selling pressure. The Nasdaq entered bear market territory following its April swoon. Sentiment remains negative as evident by the sub-40 Relative Strength Index (RSI) readings in the QQQs and SPY. This decline sets up the potential for a bear market rally. These are rallies that are sparked by short-covering and fast…
In 2019, the NotPetya cyberattack cost U.S. multinationals approximately $10 billion in damages. NotPetya was malware used by Russian hackers to attack Ukraine, but it went beyond its intended target. It was the largest single attack by a state-sponsored entity in the history of the World. Again, this was an unintended strike on the U.S…..
