For the past two weeks, we’ve told you via these free excerpts that the markets were entering a critical six-week period that ultimately would decide whether the rally in stocks continues… or reverses. Well, that six-week stretch of events started with a bang last Friday as Fed Vice Chair Fischer surprised markets by basically saying […]
Gold futures are currently in a “consolidative pullback” from the post-Brexit highs in June, however the longer-term trend remains a bullish one.
Although it was a choppy and seemingly uneventful session, the S&P 500 did quietly close at a 3-week-low yesterday. Today, Yellen could spur all sorts of different moves, but from a purely technical perspective, yesterday’s close was a bearish, near-term development
Yesterday’s dip in stocks was not because of an EpiPen, regardless of what the financial media said. Yes, Hilary Clinton’s EpiPen comments did remind everyone of the healthcare induced pullback in 2015, but this time that’s largely a political distraction. By far the most important thing that happened yesterday was that we learned 8 of […]
Despite the early week pullback in the energy market, WTI futures are continuing to trend higher right now thanks to speculation that global oil producers may “freeze” production next month in an effort to defend prices. Today, the weekly EIA Report released at 10:30 a.m. ET will be in focus.
Stocks rallied after the Treasuries-Japanese Govt. Bond (JGB) 10 year yield spread dropped following Brexit. But the yield has stabilized now and as a result the US stock rally has stalled. This spread needs to fall again via lower Treasury yields to restart the stock rally.
It’s the calm before the storm. That’s what this market feels like to me right now, because the fact is that the events of the next six weeks have the potential to either 1) Ignite an acceleration of the recent rally or 2) Cause a sharp pullback. While I admit these markets are downright dull […]
Do you know what the TINA trade is? I ask that, because I’m pretty sure talking about the TINA trade would have just gotten me new clients, if I was a financial advisor. I just finished giving a presentation on the economy and markets to a group of business executives. While most of the presentation […]
Yesterday, a subscriber called to tell me about a successful meeting he had with a client this week, in which the advisor explained: What the Equity Risk Premium was, Why it was driving stocks higher, and Why the 10-year yield is now a leading indicator for a potential correction in stocks. The client asked him […]
“It’s a good thing I’m retiring soon, because after almost 38 years in the business almost nothing makes sense in the markets anymore. So it’s a good thing I have you, who understands the way things work today.” That’s what Reed, an advisor and subscriber, wrote to me yesterday. If a guy with nearly four […]