Market News & Insights

Is More Quantitative Easing (QE) On The Way For The U.S.?

Two different central bankers from two different continents made news yesterday – both giving us a nod and a wink that at best low rates are here to stay and at worst more stimulus (i.e. quantitative easing) may be coming our way. Peter Praet, the European Central Bank’s chief economist, speaking in Germany, said that falling commodity prices and a slowdown in China are hindering the goal of getting inflation

US Corn Weekly Review: Can Futures Rally Back To 4.50?

The corn market was inundated this week with reports from the Pro Farmer Midwest Crop Tour. As always the colorful, first hand accounts of US corn and soybean conditions varied from not only state-to-state but also county-to-county. The market focus going into the tour was distinctly on the Eastern Corn Belt given its well-documented challenges this growing season with excessive springtime rains. Those concerns were largely validated with consultants observing

Market Correction In Full Effect For US Stock Market Averages

Greece couldn’t do it. Poor company earnings along with lower forward guidance couldn’t do it. Not even strong hints of a September rate hike by the Federal Reserve! A technical market correction in the stock market is typically referred to as a drop of 10 percent from the highs. It took a slow down in the world’s number two economy, China, to force this stubbornly bull market into a market

Stocks Decline Sharply As Investors Flee To Treasuries For Safety

Tonight, the evening news will talk about how the stock markets are ‘crashing’ — and indeed they are having problems. Apple Inc. (AAPL) — the most owned stock ever in the history of the world was down over 6.12% today. And here’s a recap of the major stock market indices performance today: The S&P 500 was down 3.19% Dow Jones Industrial Average was down -2.64% NASDAQ Composite was down  – 3.77%

Russell 2000 Futures: Volatility Creates Fib Swing Trade Setups

Below is a textbook example of a swing trade on the e-Mini Russell 2000 Futures (TF). And the recent volatility helped to create some big opportunities with my Fibonacci method. Let’s go back to last Wednesday. The target/support price area was 1185.6. Price dropped 4 ticks under that level and then proceeded to reverse higher and move all the way up to the 2nd resistance of 1224.4; a move of +38.8

Currency Wars, Deflationary Headwinds Pressure Investors

An astute client of mine emailed me with a question: “I am concerned about this currency war that is going on with the US dollar. Are there any preventive measures that we should be looking at now to lessen the impact that this will have on the US dollar and also the economy?” Great question. First, let me briefly explain the concept of currency wars and why they happen. Then

High Yield Bonds (JNK) Oversold, But Market Headwinds To Linger

Annualized, 2015 is on track to issuing north of $300 billion – fourth straight year with a three handle. The red bars in the chart below have persistently risen since 2008 lows. So when looking at the first chart below it is hard to notice any significant change in momentum behind the U.S. high yield debt market. Through July, issuance of high yield debt totaled $188.4 billion. High Yield Debt

Apple Stock (AAPL) Finds Price Support: Time For A Backtest?

Last Monday, I highlighted a key price support zone for Apple stock (AAPL): 115-118.  That zone represented lateral support (late November ’14 highs and February ’15 breakout) as well as the longer-term 2 year uptrend line (around 115ish). That AAPL price support zone broke down last week. And today, Apple stock dipped as low as 109.63 before reversing back up and rallying to around 114 (mid-day). Guess where that 109.63 level

S&P 500 Update: Putting The Market Pullbacks In Perspective

It’s earnings season and it’s obvious. The major stock market indexes are up one day, down the next. And social media is pretty evenly split on whether the bull market has ran out of steam or not. So let’s take a look at a chart of the broad market index, the S&P 500; the price action is the best indicator I know. In the chart below, I took a macro view

US Corn Weekly Review: 2015 Corn Yield Back In Spotlight

It was a relatively quiet week in the corn market with December corn futures closing up 2 ½-cents per bushel week-on-week, finishing Friday at $3.83 ¾-cents per bushel. Most of the focus early in the week was centered on a variety of private US corn yield and production forecasts with the USDA set to release the August WASDE report on Wednesday, August 12th. On Tuesday FCStone estimated the 2015/16 US