Daily State of the Markets
The End of an Era?
So, did we learn anything from the resumption of the market's dance to the downside yesterday? Can the action be blamed on anything specific? Should we be concerned about the reversal of Monday's reversal? Or is this simply the latest edition of computers gone wild, or what I like to call…
No New Message From Brainard
Down 2.4% on Friday. Up 1.5% on Monday. Such is life in the stock market these days when the computers think they've found a theme. Or rather, when the computers think they've found a theme one day and then realize they were wrong the next. Good times.
On Friday, stocks got hit ha…
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…
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…
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 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…