Credit still suggests slow recovery game plan
April was as historic as March with the S&P 500 (SPX) up 12% following the epic crash in March. The action came despite horrific economic and EPS news, showing how…
Read MoreTroops chasing the generals update
Until this week, the market’s historic upside has been led by the more defensive sectors and the mega-cap stocks. In Troops chasing generals early this week, we highlighted that a…
Read MoreTroops chasing generals
We have talked a lot about the epic battle between monetary and fiscal stimulus vs. economic and EPS weakness, and right now the stimulus is winning. The announcement last evening…
Read MoreHistory of recession EPS as epic battle rages
The sideways action in the market since the April 9 Fed decision to add $2T in monetary stimulus really highlights how tough it is to come up with a conviction…
Read MoreSlide deck for today’s webcast at 2pm ET.
There will be a conference call TODAY, April 23rd at 2pm ET for Gold level subscribers.
Read MoreNot all credit pointing to V
How do you know when an oversold bounce is a relief rally like 2002 and 2008 vs. a fundamentally sustainable move off a recession-based low like 2003 or 2009? The…
Read MoreThe banks offer guidance on our playbook
Good morning folks. The epic battle continues between the massive support of monetary policy on one side vs. the decline of economic activity and earnings per share (EPS) on the…
Read MoreAnswering key question by clarifying our position
I am getting a lot of questions relative to whether we still believe the market is going to test the low and what are the odds of it?
Read MoreEpic battle set to begin
There is an epic battle between two extraordinary market forces – monetary policy and economic activity. On one side, we have historic monetary accommodation from the Fed. For years, we…
Read MoreThat was a game changer – Fed’s bazooka gets bigger
The Fed clearly reacted to some troubling signs in the credit markets, and this action is a big deal because it is protecting against a further credit crisis in just…
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