Equity futures jump after CPI report
The Bureau of Labor Statistics reported that the Consumer Price Index (CPI) rose 2.5% year-over-year in October, up from 2.3% in September. This was in line with the consensus expectation.…
Read MoreThe Bureau of Labor Statistics reported that the Consumer Price Index (CPI) rose 2.5% year-over-year in October, up from 2.3% in September. This was in line with the consensus expectation.…
Read MoreAfter declining for five weeks, the report out today from Investors Intelligence showed bullish newsletter writer sentiment ticked higher in the latest poll.
Read MoreTuesday saw the markets move more than 1.25% from peak to trough before closing nearly flat. We continue to expect near-term volatility towards a retest of the late October lows.…
Read MoreAn article was brought to our attention that was published today on a popular market news site that discussed the potential for a “death cross” in the Russell 2000 Index…
Read MoreThis correction feels so different, but it likely isn’t. We often repeat that market corrections only seem “natural, normal, and healthy” until you are in one. Since the 09/21/18 peak,…
Read MoreThe National Federation of Independent Businesses (NFIB) released their small business optimism index this morning, which showed business were slightly less optimistic in October
Read MoreLate October tactical backdrop suggests bottoming process. While there are many real macro themes and geopolitical risks that could help explain the October correction, we believe it came from excessive…
Read MoreFollowing a week that saw the markets rebound sharply before a Friday decline, investors will turn their attention towards a few key economic data releases, notably NFIB Small Business Optimism,…
Read MoreThe market is currently in the midst of a correction that is reversing the excessive optimism among II Newsletter Writers, low VIX, and extended overbought using a 14-week stochastic. We…
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