Category Archives : Economy


ES_2-24-14

-6% Down and Snapback to New Highs in a Month… Now What?

The S&P 500 started off 2014 grinding sideways and then sold off hard in late January, dropping -6% or more than -100 points in seven short trading sessions. The decline was fast and furious with the ensuing rally snapping back to new all-time highs that were printed in today’s session. The Nasdaq 100 also hit new highs but the Dow […]


Dec/Jan Outlook: FOMC, US Budget, Earnings, Asian Conflict

Hawkish Fed members and steady economics have suddenly convinced some analysts the Federal Reserve may taper its asset purchases at this week’s December FOMC meeting and policy announcement. These factors combined with fund managers protecting YTD profits have kept equity markets in check over the past  month. After breaking out above 1,775 in mid-November the S&P 500 has traded […]

NegEarningsGuidance_12-16-13

Sentiment_11-6-13

Nov/Dec Outlook… Affordable Care Act Points to Trouble in 2014

The budget and debt ceiling agreement reached a couple of weeks ago settled nothing; rather the agreement was to continue funding the government at its prior levels until January and included promises to negotiate the 2014 budget before December 13, 2013. The problem with this agreement remains the same… the House of Representatives wants sustainable spending cuts and no new taxes, while the Senate […]


Empire Manufacturing Dives, DC Still Divided

The New York Empire Manufacturing Index is normally viewed as a secondary regional economic report, but given the lack of economic data issued by the government due to the shutdown over the past couple of weeks, it was in the forefront today. According to the report the index came in at 1.52, indicating a slight rate of […]

ES_10-15-13

Too High to Buy, Too Strong to Sell

What a strange trip it’s been for the markets over the past three weeks. After the S&P futures spiked to an all-time high of 1723.75 on September 19th after the Fed decided to keep the printing presses running by not tapering asset purchases, the index reversed course and proceeded to sell off to 1640.00 on October 9th for a total dump of […]


Oct/Nov Outlook from Trade the News

With the World Series just around the corner, the baseball playoffs provides an apt metaphor for the global outlook: after a grueling summer of hard fought battles, the real game is just beginning. In the past few months, global markets have been characterized by broad swings, particularly in currencies and government bonds, as markets anticipate […]