Key indicators almost there
The equity market is getting closer to where we would like to get more offensive following the expected correction. We believe one more push lower would likely cause all…
Read MoreMacro
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.
Nearing point to get more offensive
In our view, the market is still in the corrective process that should set the stage for the next intermediate-term leg higher as the Fed gets more aggressive in…
Read MoreExpect SPX move back to low – then buy it
Ramp in bearishness a great signal when to add exposure. The American Association of Individual Investors (AAII) reported bearish sentiment among individual investors jumped to 48.2% from 24.06% in…
Read MoreTactical correction needs a bit more time
China brought a whole new level of angst in the trade war by devaluing its currency following President Donald Trump’s announcement of increased tariffs last week.
Read MoreAugust Macro Slide Deck
A generational change in the way Fed views inflation suggests a more aggressive Fed. For the better part of the last 40 years, the Fed has been worried about…
Read MoreAvoiding get there-itis
When I was learning to fly a few years ago, my flight instructor gave me a talk about “get there-itis.” It refers to deciding to fly because you had…
Read MoreA generational change at the Fed
The U.S. and the world have literally tried to fix an excessive amount of debt by causing exponentially more debt (Figure 1). For the better part of the last…
Read MoreTactical pullback and EPS update
In our note last week, Time for a pullback, we outlined the recent new highs and overbought conditions in the market that suggested to us that a minor correction…
Read MoreTime for a pullback
The S&P 500 (SPX) is up 20% for the year and 6% for the current quarter, which we believe discounts the likely July Fed rate cut and a less-negative…
Read MoreReplay of the Dwyer Strategy- July conference call
A replay of yesterday’s conference call is now available for Gold level subscribers.
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