State of the Markets
Is This Really About Rates?
By: David Moenning
I usually don't write on Friday mornings. However, with the Dow experiencing its second quadruple-digit dance to the downside of the week yesterday, I figured it was probably time to make an exception.
The goal of this morning's hopefully not-so meandering market missive is to try…
Where is the Equilibrium Point?
By: David Moenning
As I wrote on Tuesday, the question of the day (for me at least) remains the same on this fine Thursday morning. What is real and what is artificial?
Sure, stocks bounced right on cue after getting sucker punched by what I believe was a 12-standard deviation move in the volatility…
The Crash Playbook
By: David Moenning
By now, everyone knows that after a prolonged period of calm, volatility has returned to the stock market - in a big way. Just about everybody in the game, including yours truly, predicted this would happen. There was little doubt that the period of extremely low volatility would, at some…
What is Real and What is Artificial?
By: David Moenning
During times of market stress, one of the biggest challenges is trying to determine what is real and what is artificial.
When markets spike - in either direction - there is usually some sort of a news event or happening that triggers the move. BREXIT was a prime example of this. M…
Have The Fundamentals Changed?
By: David Moenning
Although there are lots of folks wringing their hands over last week's dance to the downside in both stock and bond prices, the key question from a macro standpoint is, has anything changed?
Cutting to the chase, I'm going to say, maybe.
Before I get into the details, let'…
Welcome to Wait-and-See Mode
By: David Moenning
After Tuesday's dance to the downside, it is easy to fall into a trap by thinking that the next trading day will become a "tell" for what will happen next. Although "confirmation" of a move is indeed a thing in technical analysis, it is important to remember that confirmation can take day…
Five Reasons And, What's Next?
By: David Moenning
I've long believed that when stocks make a large move in either direction, there is usually a reason. A trigger. Or a driver to the action. And identifying the reasons behind the move has long been an obsession of mine. In other words, if the market makes a big move, I've got to know why.…
Is It Time?
By: David Moenning
Don't you just love this game? Just about the time that everyone on the planet realizes that stocks are on a roll and will likely continue movin' on up because of, well, you know the drill... something usually comes crawling out of the woodwork to put the brakes on the move. At least for …
FOMO Has Taken Over - For Good Reason?
As we enter the final week of what is turning out to be the best January since 1989, the macro drivers of the market remain the same. Cutting to the chase, investors continue to look forward to better days ahead on both the economic and earnings fronts.
In market terms, this is ca…
Falling Dollar? Trade War? No Worries!
Under the category of Fun Facts to Know and Tell, it interesting to note that the S&P 500 has enjoyed a record number of record closes so far in 2018. Yep, that's right; there has never been as many fresh all-time highs as we've seen in the first 15 trading days of the new calendar ye…