State of the Markets
Why Tactical Strategies Aren't Working Very Well - Part I
With traders waiting to hear what Mario Draghi has to say this morning, I'd like spend a few minutes on the idea that the character of the market has changed rather dramatically during the current bull run.
Cutting to the chase, there can be little argument that a great many tacti…
The Data Has Been Disappointing, But...
If you find yourself looking for something to worry about, the recent string of economic data just might fit the bill. In fact, immediately following the release of the reports on ISM Manufacturing (designed to indicate the health of the manufacturing sector), Nonfarm Payrolls/Unemploymen…
Are The Bears Finally Ready?
Good Monday - oops, I mean Tuesday morning, and welcome back to the game. As usual let's start the week with a review of the state of the market and our major market indicators/models.
The first step is a review of the price/trend of the market. Here's my current take on the state…
A Game Changer?
There can be little argument that the focal point of the markets recently has been what I call "Fed expectations." In other words, the expectations for when Janet Yellen's bunch of central bankers will pull the trigger on the next rate hike -- and the one after that.
The discussio…
Global Economy Not Crumbling From BREXIT Just Yet
With just a couple more days left in Wall Street's vacation season and the Big Kahuna of economic reports on tap for tomorrow, it would be easy to dismiss today's early news. However, there are several items worthy of note on this first day of September that could help shape traders' thin…
The Next Bubble Is In...
I've been accused by some of my less than bullish buddies of being a bit too optimistic in my writing of late. To be honest, I guess I am guilty as charged on this score.
What I have been attempting to do lately is to change the narrative from the usual prognostications about what…
The Cycles Say It Is Time For A...
When thinking about the short-term outlook for stocks, I believe we can all agree that "Fed expectations" and the state of the U.S. dollar are the driving forces at this time. I also think it is a safe bet that Janet Yellen's merry band of central bankers is doing all that they can to hel…
The Action is Getting Sloppy...
Good morning and welcome back. The Fed is clearly the focus right now. But since it's Monday, let's get right to our weekly review of the state of the market and our major market indicators/models.
As usual, the first stop is a review of the price/trend of the market. Here's my cu…
Another Voice Heard From, Is The Market Listening?
With the Fed's symposium in Jackson Hole kicking off today, the focal point of the markets remains on monetary policy on this very quiet late-summer morning. Today another Fed Governor has joined the rate hike camp as Kansas City Fed President Esther George told CNBC that it is now time t…
Traders Watching Oil, Copper and the Fed
Good morning and Happy Wednesday. I've gotta hop to an early meeting so I'll keep this brief. Traders are watching oil and commodities in the early going today as well as sifting through the commentary on what to expect from Janet Yellen's speech in Jackson Hole, which is scheduled for Fr…