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...
Many times I have opined to expect the unexpected further commenting the velocity of change is numbing. I rhetorically ask who nine months ago suggested oil would fall 60% and the dollar would be about 22% higher on a traded weighted basis. Who suggested 19...
The volatility is rising to levels not experienced in several years. Perhaps the only conclusion to make is conviction levels are nonexistent....
The volatility continues! Equities fell significantly for the third day in six. Friday’s catalyst was disappointing consumer confidence data, rallying dollar and a decline in oil....