This looks to be a doozy
As I write this, the S&P 500 (SPX) Futures are down over 2%. The fear of the spreading Covid-19 and the resulting economic and corporate impact is accelerating by the…
Read MoreMacro Analysis & Slide Decks
Tony is best known for the practical application of macro data. He will use his 30 years of experience to evaluate what data matters and how you can apply it to your investment process.
Thursday credit indicators update
It has been a week of big swings in stocks with falling treasury yields.
Read MorePost whoosh pop and drop-part 2
Yesterday’s 5.09% ramp in the Dow Jones Industrial Average (DJIA) was the largest one-day gain since the end of the Global Financial Crisis.
Read MorePerspective and post whoosh plan midday Sunday
The futures are likely to be down a bunch after the Chinese PMIs Friday and new cases of Covid-19 have been identified globally. My view remains the same as…
Read MoreTime for the pop
There is significant evidence mounting there is likely to be a sharp oversold rally. We note:
Read MoreThursday credit indicators update
Despite the dramatic decline in equities over the last week, our check of credit conditions shows that the current level of fear caused by Covid-19 has not led yet to…
Read MoreReal fear taking hold – sticking to our playbook
The Covid-19 has now moved into full blown panic in the market. The S&P 500 (SPX) opened down 10% from the recent record high in just a week, representing one…
Read MorePost whoosh pop and drop
The S&P 500 (SPX) has dropped 6.28% over the past two sessions alone (Figure 1). This was the first 6% decline over a two-day period since the 6.13% drop in…
Read MoreStill too early for offense
The correction in the markets over the past month that was masked by the mega-cap Info Tech stocks finally caught up the major market indices yesterday.
Read MoreThursday credit indicators update
Our weekly check of credit conditions still suggests there are no signs of stress in the credit markets which reinforces or view that any correction should be bought.
Read More
