Equities extended their gains buoyed by improving Chinese data, better than expected earnings from a large money center bank and data that did not threaten the monetary policy....

14 April, 2016

Equities rallied as oil surged another 4% as it has been reported that Saudi Arabia and Russia has agreed on a production cap.  The dollar also fell.  Crude is now up about 10% for the year and over 60% from its mid-February lows....

13 April, 2016

Equities closed essentially unchanged as crude rallied about 1.7% to close over the psychological $40 mark.  There were no major headlines for yesterday’s rise except a reiteration of next week’s OPEC/Russia meeting to cap production. The dollar fell to a nine month low....

12 April, 2016

I think most would agree the last 45 days the unexpected has occurred.  The most unloved stocks are outperforming the most loved stocks (aka mega capitalized momentum growth issues) in the greatest equity reversal since 1933, the dollar falling to a 17 month against the...

08 April, 2016

Earlier in the week I referenced Goldman Sach’s report stating how the unloved stocks are out performing the most owned [and loved] stocks.   Today I will reference a short interest article that has validated some of my arguments as to why the typical stock had...

07 April, 2016

Was the first quarter—more specifically March—a harbinger of things to come?  Correlated moves---aka momentum trading—unwound to the lowest levels since 2012 and breadth, or the number of stocks advancing—came roaring back....

06 April, 2016

Equities were quiet with all assessing whether the six week rally is the “real thing” or just a dead cat bounce taking stocks too far too fast.  The dollar halted a five day slide while Treasuries were little changed....

05 April, 2016

Where do I start?  The last 30 days could be pivotal.  Commenting first about the jobs data, in my view march’s employment report is something all could have been hoping for.  Payrolls rose more than expected and the prior month’s data was revised higher.  Over...

04 April, 2016

March’s employment data is released at 8:30.  To write the incredibly obvious broad based conclusions may be drawn from the statistics, conclusions that may validate preconceived confirmation biases....

01 April, 2016

Equites initially advanced as oil inventories were not as great as expected, then traded lower as the dollar rallied which caused crude to erase a 4% advance, and then rallied at the close on monetary policy assumptions posting about a 0.50% advance....

31 March, 2016