Could this be a March replay? We don’t think so
Today’s market decline is bringing about fear of a more dramatic decline like what happened in March. As you know, we have expected a multi-week consolidation that began June 5th…
Read MoreToday’s market decline is bringing about fear of a more dramatic decline like what happened in March. As you know, we have expected a multi-week consolidation that began June 5th…
Read More"Don’t fight the Fed." As the market consolidation continues, we wanted to remind investors that the speed and breadth of support for the credit markets have differentiated this Fed.
Read MoreIn the 10 trading sessions since we posted A Natural place to rest, the market initially pulled back 7% to the trading range breakout and then bounced back to 3150…
Read MoreIn A natural place to rest, we highlighted the likelihood for a period of higher volatility that could track the first 7% correction off the March 2009 low, but we…
Read MoreLast Friday, we highlighted that the move higher out of the trading range had surpassed our S&P 500 (SPX) short-term target of 3,150 and was likely to consolidate with profit-taking…
Read MoreAs we often say, “the folks printing the money continue to give us their game plan.” The FOMC announced their rate decision this afternoon, and their forecast calls for a…
Read MoreThe move out of the trading range has been at lightning speed and associated with strong internal strength. The percentage of the S&P 500 (SPX) components trading above their respective…
Read MoreOn May 26, we adopted an offensive position due to (1) the continued improvement in our key credit metrics, (2) rotation into the areas that benefit from an economic reopening,…
Read MoreWhen we adopted an offensive tactical position last Tuesday morning driven by a rotation into the Value, Banks, and Tanks, we highlighted how to reach a short-term target on the…
Read MoreIn Follow the Fed - it prints the money, we focused on how just the announcement of the intent to buy corporates led to an improved tone in the market…
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