Still no recession in sight
If anyone ever wondered what the drives the market, the last few months has proven it is the perception of Fed policy. The Fed made policy and communication…
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.
Dwyer Strategy conference call
We are going to hold a conference call to go through the February Macro Slide Deck on Tuesday, February 12th at 11:00am EST. This will be for Gold Level Subscribers…
Read MoreMore state-sponsored shadow banking lies ahead
Highlights Government entities are increasing not just the amount, but also the intensity, of their shadow banking activitiesThese efforts will allow companies to undertake even more shareholder-friendly…
Read MoreFebruary Macro Slide Deck
The third overdone “recession” trade this cycle. As the equity market collapsed in late December, it was clear investors were fearful the Fed would ignore the benign inflation…
Read MoreLooking forward to the dog days of August
Highlights The credit market is wide open again, and has been since the Fed reversed course at the start of January It is as if equity investors were not listening…
Read MoreA more measured approach
Was the December FOMC press conference a rookie mistake, or did the economic backdrop change that much over the past six weeks? Probably a bit of both. The carefully worded…
Read MoreThe carry trade has intensified, changing the Fed’s plan and boosting the prospects for an LBO surge
Highlights The already-record pace of bank buying of US government bonds has intensified even further This surge has likely been a major factor in the Fed’s reversal this month…
Read MoreSo far so good with 22% of SPX having reported
As we head into the top couple weeks of S&P 500 (SPX) EPS reporting season, we wanted to update you through today’s reports:
Read More“Patience” and market caps
Highlights Large-cap stocks were the initial leaders coming out of the latest correction Mid-cap and small-cap stocks have rotated to the point where portfolio managers should begin thinking about…
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