IS A MINSKY MOMENT AT HAND? JOBS DATA AT 8:30
Led by technology, equities tumbled the most in almost three months. The NASDAQ 100 which has been on an incredible run fell the most since March, declined ...
04 September, 2020
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DISAPPOINTING ADP EMPLOYMENT SURVEY…CDC TELLS STATES TO PREPARE FOR VACCINE DISTRIBUTION BY NOVEMBER 1
The private sector ADP Employment Survey disappointed. Analysts were expecting a 1 million increase in jobs. The Survey only indicated a 428,000 gain. July’s data was...
03 September, 2020
MANUFACTURING INVENTORIES ARE AT AN ALL TIME LOW…
The ISM Manufacturing Index rose to 56.0 in August from 54.2, indicates that the manufacturing sector has continued to recover at a solid pace. But the recovery in production is ...
02 September, 2020
“PARTY LIKE IT IS 1999”
The comparisons back to 2000 are increasing daily. A major difference between today and yesterday is the massive concentration of wealth in just a few names. The pressure to...
01 September, 2020
THE ELECTION, FED POLICY AND VALUES
I do not think it is an understatement to write the next two months might be one of the most contentious Presidential election season in decades. Drama will be great as COVID is the ...
31 August, 2020
THE NASDAQ 100 IS UNSTOPABLE; POWELL’S UPCOMING REMARKS
The comparisons between 2000 and 2020 are rising exponentially. Last year the NASDAQ 100 rose 38%. In 2020 amid a raging recession and plunge in profits, the ...
27 August, 2020
WILL THE ELECTION BECOME THE PRIMARY ISSUE?
The Republican Convention commenced Monday night. As with the Democratic Convention, TV viewership is down considerably. According to Bloomberg, on a percentage basis the ...
26 August, 2020
STATISTICS ARE STILL ENCOURAGING
Markets advanced Friday as the Markit composite PMI rose further above 50 in August and adds to the evidence that the rebound in economic activity has been resilient to both the ...
24 August, 2020
IT IS NOW THE S & P 5 NOT THE S & P 500
Perhaps Brown Brothers Harriman put today’s market into proper perspective when the firm stated...
20 August, 2020
A MARKET OF FIVE
The market has retraced its March lows. The issue at hand, according to Goldman 61% of this retracement is the result of only five stocks. Most have opined that today’s market is the most ...
19 August, 2020