Video – Powell reinforces our view
In this short video we discuss Powell’s testimony, the oversold extreme, and the heart of the money availability issue…
Read MoreIn this short video we discuss Powell’s testimony, the oversold extreme, and the heart of the money availability issue…
Read MoreAlthough there are many statements coming from Fed Chair Powell’s testimony to the Senate Banking Committee, to me the most important so far is that;
Read MoreThe percentage of S&P 500 Index (SPX) stocks trading above the 10 & 50-day moving averages increased with yesterday’s 2.45% gain in the SPX. Both remain at oversold levels.…
Read MoreS&P equity futures are trading sharply below Tuesday's close, tracking similar performances in Europe and Asia overnight.
Read MoreStocks were higher for the second session, with the Nasdaq Comp. leading the way.
Read MoreThe broad selling became extreme last week, which sets the stage for an oversold bounce.
Read MoreThe broad selling became extreme last week, which sets the stage for an oversold bounce as we wrote in The other side of the whoosh. That condition hasn’t changed:…
Read MoreStocks took another drubbing last week, and the S&P 500 Index (SPX) fell 5.79%, its second consecutive weekly decline of over 5%.
Read MoreS&P equity futures are trading well above Friday's close, amidst a positive session in Europe and a mostly higher Asia overnight.
Read MoreIt was a volatile session, with stocks ending mostly higher.
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