Why the Gaetz Withdrawal Sparked Yesterday’s Rally

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What’s in Today’s Report: Why the Gaetz Withdrawal Sparked Yesterday’s Rally

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The Economy: A Look Back and What’s Ahead (3.3.14)

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Economic data was better-than-expected last week and helped further break the previously relentless string of “misses” versus expectations. And, although economic data was somewhat overshadowed last week by events in the Ukraine and as investors looked ahead to the critical week of data looming, there were some important anecdotal releases that imply the drop-off in economic data we saw in December/January is leveling off. That helped stocks rally to new all-time highs.

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Looking to Get Long Natural Gas? Now May Be Your Chance.

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The froth seems to have come out of the natural gas market now that the futures have fallen over 30% since hitting new highs earlier this week. Yesterday, natural gas was down just 0.9% (compared to the multiple 10%+ moves the market has seen this month). Yesterday was inventory day, and the EIA reported that […]

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Russian Market In Downtrend Long Before Debacle in Ukraine

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Russian Market In Downtrend Long Before Debacle in Ukraine

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Proof that Sentiment is Still a Tailwind for Stocks

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This chart, courtesy of my anarchistic friends at ZeroHedge, shows that speculative net longs are negative in S&P 500 futures, proving just how skeptical investors are of this rally.

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The Economy: A Look Back and What’s Ahead (2.24.14)

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Last Week Once again, last week was not a particularly good week for economic data.  Starting with the manufacturing sector, data here in the U.S. was mixed.  The Empire State and Philly Fed manufacturing indices both badly missed expectations, with the Empire State falling to 4.4 vs. (E) 8.5 and Philly plunging to -6.3 vs. (E) of 8.0.  But, refuting the weak readings was the national flash February manufacturing PMI, which rose to a multi-year high at 56.7. Read More