Is the market setting itself up for failure?  A study by the San Francisco Fed suggests investors appear “less uncertain” about the course of monetary policy than the FOMC participants.  Wow!...

The August payroll number was a shock.  Yes the unemployment rate did fall to 6.1% from 6.2% but this was the result of worker’s leaving the work force pushing the labor participation rate down to 62.8% from July’s 62.9% level.   The LPR is matching the...

Yesterday was a sleepy day.  Today may bring more of the same given the already thinned trading ranks will become even smaller as  this is the eve of a three day weekend, the last hurrah of the summer....

Many are surprised at the unrelenting equity advance.  Three weeks ago all were pontificating the much needed “correction” was at hand.   After a 4% decline, some declared a correction had occurred and the rally can now continue.  I remarked if this was indeed “a correction,”...