The Golden Dragon Index ($HXC) has surged 9 percent in the last month and is up 28 percent so far in 2019. That’s more than twice the gains of the Nasdaq-100 and SPDR Technology Fund (XLK) over the same periods.
Foot Locker’s (FL) blowout quarter today is the latest example of the trend. Not only did earnings and revenue beat estimates. The key same-store sales metric was also more than twice the expected amount, a sign of successful merchandising and customer engagement.
Government shutdown? Nope. Trade war with China? Probably not if talks continue. Recession? Just when it looked like things were slowing down, the data turned positive. The pessimists just couldn’t win.
The S&P 500 rose less than 0.1 percent between Friday, February 1, and Friday, February 8. It was only the sixth and smallest advance in the last seven weeks, following the index’s sharp rebound in January. The index also had its narrowest weekly trading range (just 57 points) since late September.
We’ve just completed the first quarter of 2018, and it seems like a good time to take stock of share performances. Australians are starting to… Read More »The biggest stock shocks this year so far