Human nature and the bottoming process
We believe the August 2011 market crash and subsequent bottoming process (Figure 1) illustrates how the post whoosh market environment could play out in coming weeks and months. While all…
Read MoreWe believe the August 2011 market crash and subsequent bottoming process (Figure 1) illustrates how the post whoosh market environment could play out in coming weeks and months. While all…
Read MoreThere has been an extreme “risk-off” move in the financial markets due to the fear surrounding the COVID-19 virus and the most recent Saudi oil decision. The S&P futures opened…
Read MoreAs I write this, the S&P 500 (SPX) Futures are down over 2%. The fear of the spreading Covid-19 and the resulting economic and corporate impact is accelerating by the…
Read MoreIt has been a week of big swings in stocks with falling treasury yields.
Read MoreYesterday’s 5.09% ramp in the Dow Jones Industrial Average (DJIA) was the largest one-day gain since the end of the Global Financial Crisis.
Read MoreThe futures are likely to be down a bunch after the Chinese PMIs Friday and new cases of Covid-19 have been identified globally. My view remains the same as…
Read MoreThere is significant evidence mounting there is likely to be a sharp oversold rally. We note:
Read MoreDespite the dramatic decline in equities over the last week, our check of credit conditions shows that the current level of fear caused by Covid-19 has not led yet to…
Read MoreThe Covid-19 has now moved into full blown panic in the market. The S&P 500 (SPX) opened down 10% from the recent record high in just a week, representing one…
Read MoreThe S&P 500 (SPX) has dropped 6.28% over the past two sessions alone (Figure 1). This was the first 6% decline over a two-day period since the 6.13% drop in…
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