State of the Markets
How Much Is Enough?
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The current market is being driven by the headlines. More specifically, the stock market is moving to and fro based on any/all headlines about the state of Putin's unprovoked, unconscionable, indefensible, and completely inhumane invasion of Ukraine.
Yet, as we discussed last week…
Blame It On Putin?
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It would be easy blame the recent volatile (or, shall I say, violent) price action in both the stock and bond markets on Putin's war. On the topic, I'm of the mind that what is happening in Eastern Europe is almost unfathomable in this day and age. A country being attacked on all sides. T…
Happy Twosday
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Good morning, and Happy "Twosday." As in 2/22/22, which is not only a palindrome because it reads the same forward as backwards, but today's date also consists of all the same digits. The ultimate freakiness for such dates occurs at 2:22 am and pm, so brace yourself for that this afternoo…
Working Through The Issues
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Make no mistake about it; there is no shortage of issues to work through in this market. In short, this is what corrective phases are all about - dealing with the "new normal" when things change. Remember, the stock market is a discounting mechanism of future expectations. And I think we …
Are We Having Fun Yet?
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It's been a very busy start to the new year and there are a great many pieces to the puzzle that make up this market. While I am short on time this morning, let's see if we can't run through the host of issues that investors are attempting to deal with at the present time.
Let's s…
Two Thoughts Before You Panic
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Unless you've been living in a cave, you are likely aware that markets are in the midst of a rather violent "reset" as traders/investors reprice things for the changing environment in fast fashion. To be sure, Friday's option expiry and corresponding record day for options trading, as wel…
Markets Rethinking The Outlook
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From my seat, the key driver to the current action in the stock market remains the spike in bond yields. This morning's early dance to the downside represents an exclamation point on this concept. In short, yields are breaking out to new highs for the current cycle, and stocks are followi…
Higher, Sooner
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One need look no further than the bond market to understand the current correction happening in the major stock indices. As is often the case, traders appeared to flip the switch the moment the calendar turned to 2022. Gone is the steady march higher based on earnings expectations. Gone i…
Bidding 2021 Adieu
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I try to take some time away from the keyboard at this time of year to spend more time with the family and to recharge the batteries a bit. So, until 2022 gets rolling on Wall Street, here's wishing everyone a Happy, Healthy, and Prosperous New Year!
Now let's review the "state of…
