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Equities were again mixed as a group of high profile earnings offered disparate clues on the strength of the economy. Treasuries continued to slump with rates falling to levels last seen before the Fed’s dovish tilt a month ago. Oil advanced about ...

Markets were relatively quiet as two mega sized financials posted disappointing results. Many are beginning to write the current advance is “looking tired.” Will earnings rejuvenate the averages? Several high profile companies report this week including ...

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...

Tech stocks rallied after China ratcheted up stimulus to combat slowing growth. The pound erased a decline against the dollar after British lawmakers overwhelmingly voted down a Brexit deal and planned a confidence vote on May’s government.

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Many times I have commented about the massive proliferation of passive investing and how it is impacting trading mechanics.  According to the Index Industry Association, benchmarking giants like S & P Global Inc., MSCI Inc., and the London Stock Exchange Group PLC, has created 438,000...

The Dow was again quiet yesterday after a three week 1,500 point advance from the post Brexit lows.  As all know, the Dow fell about 1,000 points in three days only to regain all these points plus 500 more on the announcement of yet even...

Earnings season accelerates during the next three days as over 90 S & P 500 companies are scheduled to post results.  For the period, profits are expected to fall about 5%, the fifth consecutive decline and the longest stretch since 2009....

Is inflation increasing? The narrative has been myopically focused upon deflation for a myriad of reasons. Last week’s release of both the PPI and CPI indicated that inflation is perhaps accelerating....

FRB Chair Yellen suggested yesterday the central bank might delay, but not abandon, planned interest rate increases in response to recent turmoil in financial markets. Yellen also stated the obvious that the turbulence had “significantly” tightened financial conditions by pushing down stock prices, pushing up...

When I came into the industry about 30 years ago I unknowingly cold called a legendary icon.  The gentleman politely interrupted me partially through the presentation and gave me some unsolicited advice, advice that I believe is more poignant today than in years’ past....