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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....

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....

Friday the Dow fell over 275 points on stronger than expected economic data that challenged monetary policy assumptions.  Monday there was a 135 point rebound followed by Tuesday’s 335 point drubbing.  Yesterday the Dow rose over 250 points on data that was weaker than expected,...

In my view January’s labor report was strong in many dimensions.  Non-farm payrolls rose by greater amount in January than expected.  More importantly the December’s and November’s were revised higher.  The unemployment rate did rise to 5.7% from 5.6% but this was the result of...

Friday the Greece finance minister stated it will not seek an extension of its bailout agreement declaring “we don’t plan to cooperate with that [Troika of the official creditors] committee.” If neither the ECB nor Greek blinks as the ECB has adamantly stated Greece is...

Several times during the past several weeks rhetorically asked how the rising dollar will impact results, conjecturally answering if history is of any precedence, negatively.  Yesterday this conjectural question and rhetorical answer became reality.  The rising dollar has impacted earnings, an impact that I don’t...

Equities fell again yesterday as December’s retail sales disappointed, casting doubt on the thesis plunging gas prices will boost spending.  Some have argued the disappointment is the result of rising health care premiums, low labor participation rates, and increasing rent amplified by lack of wage...