Many times I have commented about the bifurcation between the indices and the typical stock as many now are chasing returns via closet indexing. For those, such as me, who rely upon sector analysis via geopolitical and macroeconomic trends, the last 12-15 months have been...
Early yesterday morning all thought the markets would be down because of Friday’s poor jobs data. The markets did open lower only to stage a considerable advance following NY Fed President Dudley’s remarks that the pace of interest rate increases is likely to be “shallow”...
For many, I included, the first quarter was difficult. It is now very apparent the only manner to generate returns is via closet indexing. As noted several times, I believe today is analogous to 1999-2000 where performance was driven by something .com or the four...
Stocks ended nominally higher after Wednesday’s drubbing closing on the pivotal and technically important 200 day moving average line of the S & P 500. As noted many times, the markets are overly influenced by technology based trading; trading that places great emphasis upon this...
Will there be a nuclear deal with Shia Iran? It was reported late Friday by various news wires Sunni Saudi Arabia may seek to buy or build a nuclear weapon, perhaps from Pakistan. I will vigorously argue this is the result of American foreign policy,...
It is generally accepted there is a civil war between the Shias and the Sunnis with Iran and Saudi Arabia as the proxy. In my view this is a major geopolitical event that can potentially have a massive geostrategic and macroeconomic impact....
Equities closed considerably lower as monies began to exit the momentum names, perhaps the result of the rising dollar that may hurt profits. Treasuries also declined in price even though the economic data was weaker than expected....
Stocks fell by triple digits, its eighth hundred plus point move in nine days. Bloomberg writes this is the longest stretch since 2001 the S & P has not posted consecutive gains—25 days....
Relatively speaking yesterday was a quiet day. This was the first day in eight equities did not close 100 points higher or lower. Treasuries were essentially unchanged. Oil advanced however this was perhaps the result of a weaker dollar....
I am not aware of another period when it appears one day is the mirror image of the previous day. Friday equites rallied, the seventh consecutive day where the Dow closed over 100 points higher or lower. The catalyst for the rally…falling dollar predicated by...