US Markets

Bernanke Reverts to Type, Dollar Destruction Follows

Given the great expectations preceding it, market reaction to the release of the June 19th FOMC meeting today added up to a distasteful case of anticlimax with the S&P 500 (Symbol: SPX) finishing up a paltry +.02% to close at 1652.   The US Dollar (Symbol: DX) ended up well off yesterday’s…

Fed Policy: Uncle Ben and the Ill Communication

To paraphrase Warren Buffett, by most accounts the 5 year tide of the Federal Reserve’s grand experiment in monetary accommodation is about to start going out – now we’ll see if markets (and Fed policymakers, so don’t go into this with a full stomach) have been swimming naked. Take a…

Commodities Outlook Video

In his week’s video, I take a closer look at various commodities such as Crude Oil, Coffee, Gold, and Cotton, as well as the major equity indices. We will also discuss important Bradley model turning points and Gann dates. Enjoy this week’s commodities outlook.  Keep your stops tight, and let…

Stock Market Report and Economic Update: May 2013

By Greg Naylor     May was an eventful month in terms of economic news, with some Fed officials starting to murmur about reducing stimulus.  Bond prices reacted negatively in May, while the stock market proved more resilient and continued its year-to-date climb.  Here is a re-cap of May, by the numbers:…

How Is This Market Like the Tech Bubble? Margin Debt.

Earlier this afternoon we noted Margin debt struck an all-time-high in April – and that the market’s net worth is plumbing levels last seen at the stupefying heights of the Tech Bubble. So far, that hasn’t changed since publication; but the chart we included there from Doug Short has. Here…

Margin Debt Vaults to An All-Time High in April

April continued 2013’s idyllic period for risk-taking everywhere.  A back-of-the-napkin survey shows US stocks went up with the S&P 500 (SPX) clearing +1.85%, while Germany’s DAX added 1.5%, and Japan’s Nikkei 225 (NKD_F) an brisk 11.3% now entirely retraced in 2 days.  Bonds also fared well, with High-Yield (HYG) moving…

Turnaround Tuesday: Is the Market Vulnerable to a Trend Reversal?

Considering that the Dow Jones Industrial Average has risen 18 times in a row on Tuesdays, investors probably shouldn’t be hitching their wagons to the potential for a “Turnaround Tuesday,” or trend reversal as the saying goes. But then again, maybe they should? 18 times is pretty crazy, and indicative…

Stock Market Report and Economic Update: April 2013

By Greg Naylor     April was an uneventful month in terms of economic news, allowing the stock market and bond market to continue upwards. Gold prices continued to decline, as commodities in general are enduring a period of falling prices. Here is a re-cap of April by the numbers:…

Tightening Fed Policy: Is A Smooth Exit A Sure Thing?

What factor is most responsible for the recovery Fed policy has – by most accounts – stimulated in financial (housing and labor also?) markets over the last 4 1/2 years? Directing a fire hose of cheap money – directly (via LSAP, OMO) and indirectly (burying yields) – toward riskier assets?…

Heads Up: It’s NFP Friday!

By Andrew Kassen Welcome to Non-Farm Payroll (NFP; a.k.a. “the monthly unemployment data) Friday! Excluding Central Bank rate decisions and the occasional errant twitter hack rumors of White House bombings, NFP ranks as the most widely anticipated economic release of the month. Released (almost always) on the first Friday of…