Macro

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.

Still looks like policy-driven market event

Human 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…

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Extremes and expectations

The 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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Rhyming while retesting

Historical analysis of the mid-1990s suggests 2019 is all about a change in Fed perceptions vs. slowing growth and trade tensions. The market has been in the intermediate-term bottoming process…

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Data and secret weapons offer insight

Clearly, the market remains in the bottoming process following Tuesday’s 3% drop on the back of skepticism of the G20 Trump/Xi meeting, Brexit uncertainty, a near inversion of the yield…

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A little breathing room for leg higher

The two main drivers of the correction that began September 21 in an environment ripe for volatility were 1) the September 19 threat by President Trump to increase tariffs on…

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