Tactical no-man’s land ahead of Fed speak
The market rally over the past two days has been almost as dramatic as the 3% drop that preceded it, and neither may be “signaling” anything regarding direction. We…
Read More08/19/19 Economic Week Ahead
After the third straight negative week, the S&P 500 (SPX) has started Monday looking for a rebound, up over 1% on the open. Keep an eye out Friday as…
Read MoreFears of recession hurt Michigan Sentiment
The University of Michigan Consumer Sentiment Survey was released at 10am and it showed the three components of sentiment all moved lower.
Read MoreKey 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 MoreNearing 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 More08/12/19 Economic Week Ahead
After a volatile week in the market we are keeping an eye out for this week’s economic data. The upcoming week will feature a number of significant economic data…
Read MoreCore wholesale inflation turns negative
The Bureau of Labor Statistics (BLS) reported that the producer prices continued to show a lack of inflation.
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 More08/05/19 Economic Week Ahead
Following a rate cut last week which acted as an insurance for a potential further decline in economic activity as well as an effort to bring inflation up to…
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