On Monday I posted an article that summarized the economic data we’ve seen over the past several weeks. Almost every single data point has been deteriorating since December/January. You can access the article here: 6% Down and Snapback to New Highs. The data over the past two days has been somewhat confusing but still troubling… The […]
Please be advised that we will not be publishing Signals or daily Alerts until the week of January 13th, 2014. We wish you a happy and safe holiday season and are looking forward to a great year of trading in 2014. Happy New Year!
The down turn in the market at 12:30 CST is being attributed to Wal-Mart (WMT). They are said to be reducing orders from suppliers because of mounting unsold inventory in the US. Reports indicate the company is considering reducing supplier orders for Q3 and Q4. Shortly after the statement was released the company said: […]
The headline number for the Non-farm Payroll report showed a gain of +169,000 jobs and slightly better than the +162,000 jobs initially reported for July. However, the July number was revised down to a gain of only +104,000, a loss of -58,000 from the prior report. The June number was revised down again to +172,000 […]
- Syria, August non-farm payrolls and more Fed taper talk made for fast-moving markets in the first week of September. Despite the plethora of dire-sounding headlines, equity markets maintained a steady risk-on tone even as expectations for a Fed taper remained more or less intact. Bond yields continued their march higher, as the German 10-year […]
With the Case-Shiller 20-City housing price index up double-digits for the 4th straight month, Robert Shiller has some choice words for CNBC viewers about the housing recovery. “Housing is a market with momentum,” he notes, “and right now, the momentum is up;” but he adds that while house prices are recovering, he remains much less opportunistic about […]
Today’s market weakness came out of nowhere and is being attributed to speculation that US Secretary of State John Kerry’s strongly worded statement on Syria could be setting the table for a military strike in the next few days. John Kerry: “It is undeniable that there was a chemical attack on civilians in Syria last […]
- Volatility returned to markets this week after several weeks of subdued summer trading. The miss in the Japan preliminary Q2 GDP during Monday’s Asia session dampened sentiment on Monday, although better European Q2 GDP numbers and the solid July US retail sales data helped balance the picture. Then on Thursday, reports showed that initial […]