Environment is very different than just a few weeks ago…
Clearly, the market has not reached an oversold level enough to bring in the buyers. As we wrote last Friday, the bottoming process can feel really awful, and this one…
Read MoreEquities fall to session lows after Beige Book
The markets dropped to fresh session lows after the release of The Beige Book from the Federal Reserve at 2pm. The S&P 500 Index (SPX) fell 1.75%, trading down to…
Read MoreStocks are nearing a short-term inflection point
Highlights Stocks bounced yesterday However, the bounce was on only modestly high volume, making it likely the Wall Street buyback desks will need another catalyst to prompt them to…
Read MoreBig miss on New Home Sales
Two housing reports were out today that showed home prices continued to gain ground, but the number of New Home Sales continued to trend lower.
Read MoreBulls retreat a bit more
The report out today from Investors Intelligence showed a drop in bullish newsletter writer sentiment, but frankly, it was a smaller drop than we had anticipated.
Read MoreThe Day Ahead, Wednesday October 24th
Several key pieces of economic data are due out today along with some major earnings releases. The economic data has been overshadowed by the increased volatility in the markets over…
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