Offense update
On Tuesday, we made a move to offense as the market broke out of the trading range since early April accompanied by 1) further improvement in credit and 2) led…
Read MoreTwo factors support being back on offense
On Tuesday morning, we got back on the offensive via a tactical call into Value, Banks, and Tanks (Industrials). We had been waiting for signs of a turn in the…
Read MoreIt’s all relative – Value, Banks, and Tanks
As the S&P 500 (SPX) moves out of its “frustration phase” of the bottoming process, we believe it is time to focus on potential offensive rotation rather than the absolute…
Read MoreStill following the Fed
What a roller coaster the last few sessions have been. It seems incredible the S&P 500 (SPX) was nearly breaking down from the recent range last Thursday, only to be…
Read MoreKeep following the Fed – they keep printing the money
The market continues to frustrate both the bulls and the bears because there really isn’t any certainty over anything. As we pointed out in yesterday’s closing commentary, after a very…
Read MoreSlide deck for today’s webcast at 2pm EDT
There will be a conference call TODAY, May 15th at 2pm EDT for Gold level subscribers.
Read MoreFollow the Fed – it prints the money
There has been an incredible ramp in corporate credit new issuance since the Fed announcement that it was going to buy corporate bond ETFs. The Secondary Market Corporate Credit Facility…
Read MoreFed starts buying Corporate Bonds today
The headlines this morning are very interesting to me, and it reinforces how important the Fed decision was to buy corporate debt on 04/09. This morning the futures are slightly…
Read MoreA “stay-at-home” rally
A Bloomberg article over the weekend stated, “if you take a gander at the chart of the S&P 500 (SPX) it sure looks like traders expect the coronavirus crisis to…
Read MoreStage is set for rise in 10-year
The recent rise in the 10-year U.S. Treasury (UST) yield coupled with a combination of three factors could cause near-term upward pressure on the long-end of the UST yield curve:
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