Credit Stress Indicator update
In it still looks like a policy driven market event, we highlighted the various credit metrics we follow that suggest the recent approximately 20% drop in the S&P 500 Index…
Read MoreIn it still looks like a policy driven market event, we highlighted the various credit metrics we follow that suggest the recent approximately 20% drop in the S&P 500 Index…
Read MoreWhile the data on new home sales continues to be delayed due to the partial government shut down, this morning we did get data on pending home sales from The…
Read MoreIn October, we highlighted a somewhat rare reading in the TICK Index, when the index hit +1400 and -1400 in the same trading session.
Read MoreThe final look at consumer sentiment for 2018 was released this morning from the Conference Board and showed confidence is beginning to decline from cycle highs set just two months…
Read MoreNot surprisingly, the Association of Individual Investors (AAII) reported an increase in bearish sentiment among individual investors in the latest poll.
Read MoreThe Federal Housing Finance Agency (FHFA) House Price Index rose by 0.3% in October, matching the consensus estimate. This was slightly better than the 0.2% in September. The chart shows…
Read MoreFollowing a Wednesday that saw all three major markets close up over 4% on what we dubbed a “reflex rally” (read more about the reflex rally by clicking the link…
Read MoreHuman nature is very consistent – pain is the ultimate motivator for change, and a 20% market swoon in under three months has most tactical and historical indicators suggesting extreme…
Read MorePain is the best motivator for most people to change, but somehow this administration hasn't learned that tweeting keeps creating more pain. There is a total lack of confidence in…
Read MoreThe S&P 500 (SPX) dropped by 7% last week and broke through the bottom from late October through early December. That means the whole intermediate-term bottoming process will need to…
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