Daily State of the Markets
Fed Decision Day is Finally Upon Us
The long-awaited September FOMC meeting is finally upon us. And if history is any guide, there is little doubt that today's decision will have an impact on the near-term direction of the stock market indices. Well, after the usual post-announcement hysterics in both directions, that is.
Traders: It's Time To Place Your Bets
For investors who employ a subjective or discretionary approach to managing/trading the markets, it is now time to "place your bets."
As I've expounded on recently, "waterfall declines" such as we saw for six days during the middle of August, tend to follow a fairly predictable pa…
Has Tepper Got It Right Again?
For much of his career, billionaire hedge fund investor David Tepper shied away from the media. Instead, Tepper focused on building his Appaloosa Management into a powerhouse with an enviable track record. However, back in September 2010, Tepper appeared on CNBC and suggested that stocks …
Big Decisions Need To Be Made
With the intraday volatility continuing unabated, it appears that it's decision time in the markets. And the decisions made in the near-term by the Fed, the Chinese, and the price action itself will go a long way in answering the big-picture question of whether the current dance to the do…
How Much Have Things Changed?
With the market bouncing up and down a couple percent or more with regularity lately, it is clear that things have changed. Gone is that extended period of low volatility where moves exceeding 1% were nonexistent. No, it is clear that somebody has flipped the crazy switch on this market.
The First Question: Is It Over?
There are two really big, really important questions on the minds of investors at the present time. The first would be: Is it over? The key question here is if we've seen the worst of the current decline or if there is more downside action ahead. And the second question looming for most f…
Is "The Big One" Upon Us?
For the umpteenth time in the last five years, the stock market is scaring the bajeebers out of investors. "This is it," seemed to be the battle cry last week as the bears (aka the Goldman Sachs, Virtu, Getco and Citadel algos) hit the sell button at the speed of light during the last hal…
Let's Review Part II - Is There Value In Them Thar Hills?
This morning, we'll continue our look at the market through the three primary time-frame lenses. Yesterday, we reviewed the action and the drivers from the short- and intermediate-term view. Today, we will focus on the bigger picture. So, without further ado...
LONG-TERM (…
Let's Review - Part I
As I have mentioned previously, in March of this year, I accepted the position of Chief Investment Officer at Sowell Management Services, an investment management firm responsible for north of $500 million of client assets. One of my jobs is to keep advisors up to date on…