Technical Take: S&P 500 Partial Breakout

What’s in today’s report: Technical take: S&P 500 partial breakout, ISM non-manufacturing index takeaways, Futures are down nearly 1%, economic data & more…

ECB Preview

The first of the major central bank decisions in September comes tomorrow via the ECB, and from a general standpoint the major question heading into this meeting is: “Will the ECB ease further, hint at easing further, or stay firmly on the sidelines?” Given the uncertainty surrounding tomorrow’s decision, I found myself in my home […]

Chart of the Day: The 2016 Gold Rally Continues

After Friday’s lukewarm jobs number and the two ISM data “whiffs” in the last few days, gold futures have legged higher, holding a key trend-line that has been in place since January.  

What is a Dovish Hike?

One of the most enjoyable parts of my morning routine is reading about the history of each day, because doing this task daily shows you that indeed, history doesn’t necessarily repeat, but it does rhyme—and that was true again this morning. Since Friday, stocks have been under modest pressure as expectations for a 2016 rate […]

What Will Move Bond Markets

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 […]

Chart of the Day: Gold

Gold futures are currently in a “consolidative pullback” from the post-Brexit highs in June, however the longer-term trend remains a bullish one.  

Chart of the Day: S&P Closes at a 3-Week-Low

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