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Earlier in the week I commented President Trump controls the trade news cycle, writing all he has to do is tweet and immediately change the narrative. Yesterday markets were going to open on their back foot until the President sent a tweet about ...

February’s jobs data was surprise. Payrolls rose by the smallest amount in more than a year but prior months were revised higher. Wages rose more than expected rising by the greatest pace in over a decade and the labor participation rate remained unchanged....

Many times I have commented about the narrowness of the markets, the breakdown of “fail safe trading strategies,” and the intense concentration of funds into a handful of names. Yesterday Goldman further quantified this view stating the...

Yesterday I referenced Stanford Bernstein research about momentum investing, as the index is at its priciest levels versus the benchmark on record, a decidedly bearish factor. Some of the favored momentum issues are the FAANGs. Since bottoming on December 24, the members are up approximately...

Welcome to 2019!  According to Deutsche Bank 2018 was the worst year since 1901 and depending upon the asset class, declines were between 10% and 60%.  While I cannot definitively write 2018 was most the volatile year on record, it definitively feels like it was. ...