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Today is Monday October 19 a date I vividly recall. Thirty-three years ago, and after only six months in the business, the Dow plummeted 22%, the largest one-day percentage drop in history. I am a ...

2019 will perhaps be regarded as the year the unexpected occurred. Domestically the economic forecast for 2019 penned around this time last year was largely met but the response to it was largely unexpected given the consensus view ...

We are in unique times. Bloomberg writes a rare event happened last week, occurring only 18 times in the last 23 years. That works out to 0.08% of the time. The advance minus decline line exceeded negative 800 meaning there were more...

Several times I have referenced JP Morgan’s Jamie Dimon’s view about the state of today’s research reports. Dimon opined many reports lack credibility at best, but impact trading given the contents of the reports is often times repeated in the Blogosphere thus offering false...

Tomorrow is the release of the BLS labor report. The report can offer considerable insight into the strength of the economy. The market and the narrative is suggesting the economy has gone over the proverbial cliff ...

Like many I am disgusted with the two candidates of the 2016 election.  One is a boorish thug and the other is engrained in the establishment believing the rules do not apply to her.  The media is more focused upon sexual issues 15-30 years ago...

In my view the Beige Book offered little surprise.  The statistical compilation utilized at the upcoming Fed meeting stated the economy expanded at a modest pace across most the country since mid-April causing the labor market to tighten as employers continued adding jobs and nudging...

Equities fluctuated following a rebound in crude prices. Inventory data suggested gasoline demand is increasing. As noted yesterday, US production is now at the lowest level since November 2014 and OPEC production declined in February for the first time in several years....

It is getting really ugly. Equities opened higher again only to decline. Yesterday the Dow fell about 2.2% while the momentum driven NASDAQ was off over 3.4%. For the year, the Dow is now off about 7.3% and NASDAQ down over 9.6%....