Womack Investment Advisers

   Source: MarketWatch The Dow Jones Industrial Average on Wednesday marked its worst day since February, with a decline of more than 800 points that highlights the market's fragile state as bond rates rise. The Dow DJIA, -3.15% finished the session down nearly 828 points, or 3.1%, at 25,600. representing its worst single-session loss since Feb. 8, when the market tumbled into correction territory, defined as a 10% drop from a recent peak. But it was the Nasdaq Composite Index ...

Athletes who grew up playing pick-up games of baseball, kickball, basketball, street hockey, and other sports with neighborhood kids may have had some advantages they didn't recognize. A Brazilian research study, cited by Freakonomics Radio's show Here's Why You're Not An Elite Athlete (Ep. 351), found children who played sports in unstructured environments showed more tactical creativity and tactical intelligence than children who played in structured environments. In addition, playing multiple sports may be more beneficial than specializing in a single sport, at least when it comes to soccer. A study by Manuel Hornig, Friedhelm Aust, and Arne Güllich reviewed the training of soccer players in Germany. Practice and play in the development of German top-level professional football players, which was published in the European Journal Of Sports Science, reported athletes who went on to play for the German national team played more pick-up sports as child...

The stock market tends to be a leading economic indicator. Last week offered some insight to economics and stock market behavior. The U.S. unemployment rate reached its lowest level since 1969 and wages moved higher, yet major U.S. stock indices lost value. Why didn’t stock markets move higher? The answer is stock prices tend to be leading indicators. They reflect investors’ expectations for the future. Last week, investors may have been thinking like this: When unemployment is low, companies cannot always hire enough workers… To hire more workers, companies raise wages… Higher wages give workers more spendable income… More spendable income produces higher demand for goods and services… Higher demand for goods and services leads to higher prices… Higher prices (inflation) cause the Federal Reserve to increase the Fed funds rate… An increase in the Fed funds rate pushes interest rates higher… Higher interest rates make borrowing more expensive… Hi...

The Dow Jones Industrial Average notched its 15 th record close of the year this week, but not all analysts were enthused.   Jason Goepfert, president of Sundial Capital Research, noted that the overall market isn’t nearly as bullish as the Dow would indicate. The Dow Jones Industrial Average is made up of just 30 of the largest stocks traded, but for a bigger picture many analysts turn to measures that track the thousands of stocks traded by looking at a measure known as ‘market breadth’.   The disconnect between the benchmark index and overall market breadth, such as is happening now, tends to occur when a narrowing group of stocks props up the overall market. Goepfert tweeted a chart showing past instances when the Dow hit a 52-week high at the very same time that less than 50% of all stocks traded on the New York Stock Exchange were above their long-term 200-day moving average.   The last two times this scenario has happened were a cluster in 199...