Last Week Last week was historic as the Fed hiked rates for the first time in nearly a decade, but it wasn’t fully the “Dovish hike” investors were hoping for. So, between new uncertainty surrounding the path of future rate hikes and worsening manufacturing indices, the economic outlook for the market did not materially improve. […]
Other than the retail sales report out Friday, which was a strong report, there were virtually no notable economic releases last week. We exited last week much as we began, with bond markets signaling an 85% chance of a rate hike this week (which from a market standpoint is basically a sure thing). Looking at […]
Last Week Last week had the potential for economic data and central banking announcements to cause big volatility in the markets, and they did not disappoint. But, the bottom line is that a rate hike in December is now all but certain while the dollar rally has been temporarily capped thanks to the ECB’s underwhelming […]
Dow Theory is widely looked at as the first “technical strategy” for reading market trends and whether stocks are in a bull or bear market cycle. The strategy uses both the Dow Industrials Index and the Dow Transports Index in harmony do decipher the current market trends simply based off “highs” and “lows.” Long story […]
Best Way to Short Bonds Adding to Shorter Term Positions to Our Long Term Treasury Bond Short: Due to these shifting fundamentals, we are once again dipping our toe in the “short bond” pool and are buying a basket of TBT, SJB and KRE (Long Bank ETF). TBF is the unleveraged […]
Stock Market Update The volatility continued last week as stocks enjoyed an oil-inspired short squeeze and recouped all of the previous week’s losses. The S&P 500 finished the week up 3% and now is essentially flat (-0.17%) on the year. Last week started with a thud, as stocks initially traded lower on Greece and oil […]