Lots of “bottom is in” calls these days after the 10%+ rally off of the December lows. I remain on the open minded train train awaiting for more evidence on the technical […]
For years critics of central bank policy have been dismissed as negative nellies, but the ugly truth is staring us all in the face: Market advances remain a game of artificial liquidity […]
An open letter to investors, traders and pundits alike and a reminder to myself: Everybody will be wrong at some point or another. Markets are boss and will ultimately humble you. This […]
Oh dear. I don’t envy Mario Draghi right now. But he’s doubled the ECB balance sheet to over 41% of Eurozone GDP since 2014 and he’s kept interest rates at -0.4% since […]
NFP missed this morning and futures initially seemed positive on the news. Why? Because it gives excuses for the Fed to slow down their 2019 rate hike schedule. Still running negative real […]
Of course Powell caved. Isn’t it obvious why? Home sales are dropping hard. Global growth is slowing hard. Financial conditions are tightening. Stock have been dropping. Never mind all the Fed Crying […]
China clearly wants a deal. Does Trump? The answer to this question is perhaps the answer to the next big move in markets. I give you my attempt at a psychological profile […]
Have I committed a chart crime? It’s possible, but perhaps not, in either case I’ll put myself at the mercy of readers. What I’m referring to is a chart and tagline I […]
Event risks are rare, but they can impact markets harshly. 9/11 being an obvious example. Unpredictable, unforeseen. “Stuff happens” Donald Rumsfeld once opined about events surrounding the Iraq war. But some event […]
It’s coming. And don’t kid yourself into believing it won’t. It happens in every cycle. The economy comes out of a recession, things recover (these days with the help of central banks) […]
We’re in one of the longest economic expansion cycles in history and nobody’s happy. It’s mind blowing. You’d think 2018 would have people dancing in the streets. 3.7% unemployment, record stock market […]
So stocks dropped a little in October. Ok they actually dropped a lot and all of a sudden the S&P 500 was miles away from the all those optimistic 3,000+ year end […]
