Red, Blue, and Green Waves

(1) Bull-market haters as apoplectic as ever. (2) Lots of reasons to hate this bull market, yet it continues to make new record highs. (3) Is emerging market crisis about to kill the US bull? (4) What if Trump’s red wave is drowned by Democrats’ blue wave? (5) Lots of red ink in federal budget under both blue and red presidents. (6) Despite drop in its commodity price component, our Fundamental Stock Market Indicator remains near recent record high. (7) The green wave: Jobless claims still falling, as consumer confidence continues to soar. (8) Tech’s earnings share at record high, boosting its market-cap share. (9) Financials signaling calm in US, but trouble in Europe.