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....

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...

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....

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....

Some have remarked I have focused to intensely on oil.  A major reason for this myopicy is the close correlation between oil and equities since July 2014.  The correlation is over 90% according to Bloomberg....

Trading yesterday felt similar to days earlier in the year as oil/commodities fell, the dollar and treasuries rallied and the major indices declined anywhere between 0.5% and 1.6%, the result of speculation that the FOMC is moving closer to raising interest rates....

Equities were quiet yesterday as volume was about 30% below its average for 2016 according to Bloomberg.  Oil advanced nominally as Treasuries fell as several moderate FOMC voting members suggested a change in monetary policy could occur at the April meeting....

Is the advance sustainable?  As all know the Dow posted it worse start of the year in history.  The reason for the recovery…data suggesting the economy is not falling into the abyss, emerging pricing pressures, a 50% recovery in oil from its lows, a falling...

Equites advanced yesterday as the dollar fell and oil advanced.  Thirty days ago most believed such a scenario could not develop.  Commenting about the dollar, the dollar declined as the Fed indicated only two possible rate hikes versus four.  However I cynically ask did consensus...