Markets are set to open lower with oil spiking higher. This is after Saudi Arabia had two oil facilities attacked by drones over the weekend. The US blames Iran. Iran claims innocence. Name calling ensues, and things quickly escalated to saber rattling. So, long story short, oil prices are spiking higher as some of Saudi […]
The SPX may be in a sideways pattern, but the short-term momentum has shifted to the positive. Now all the analysts come out of the woodwork to try and explain why. Here’s the simple thing to do: Watch the Fed. If the news cycle isn’t going to change what they’re doing, odds are, the market […]
With Hurricane Dorian grabbing headlines, other data may be understated… but it still matters.
Let’s just throw something out there: a recession is on the horizon. That’s not particularly ground-breaking. And it’s not particularly useful. But it is particularly newsworthy. The fact of the matter is, all expansions eventually end in recession. So, unless the expansion continues, a recession is on the horizon. The question is not if there […]
Let’s cut through the fluff and get right to the meat and potatoes of the market – did last week’s sell-off after the Trump Tweet announcing more China tariffs represent the end of the road for the bull market? Too early to call. But judging from the futures markets, the balance has been upset. It […]
After the S&P 500 managed a weekly close above 3000 the wind seems to be coming out of the sails. Last week finished down, with the lows of the week coming Friday at the close. With more and more companies issuing cautious forward guidance, it seems there may be more downside risk than up-side opportunity […]
The stage is set for an exciting earnings season. Guidance is one thing, but this is where the rubber to meet the road. Can earnings actually grow from here? Or have we seen peak earnings growth for this economic cycle? It may not matter… yet. The Fed has all but assured markets a rate cut […]
Don’t look now but markets are near all-time highs (at least for the major indexes). Last week’s close was the highest (weekly) in history for the S&P500. Discount the fact it was a holiday-shortened week, but this is still a strong signal. Perhaps most noteworthy was the jobs report. With a big up-side surprise, this […]
Markets should hit new all-time highs this week. This is ‘technically’ a big deal. But does the holiday-shortened week change the game?
Equity markets enjoyed a strong 1-week recovery but seem to have more-or-less stalled out after last week. The question is, can momentum break out above these levels, or will a more ominous ‘triple top’ signal a re-test of the 2600 level (or lower) for the S&P500? The BigFoot Economic Macro Indicator continues to slowly erode. […]
The recent up-trend, while welcome, is no assurance the markets are headed back to their highs for the year…
Trade wars have created a lot of negative momentum. They could also be the reason for a sharp reversal. Unless things change course though, markets could be in for more downside before we find support.
Are the markets looking at a fundamental shift as a result of the trade war with China?
Markets found some footing last week after a multi-week slide. However, futures are pointing to a drop yet again, presumably because of the most recent Trump Tweet regarding Iran. So flip a coin. The SPX found a decent amount of support at the 2800 level. There also appears to be a decent amount of resistance […]
Markets poised for a rough day