Skittish market STILL suggests frustration and patience
The “Frustration” phase of the bottoming process is in full swing. Although many market participants were hoping the relief rally was suggesting a more sustainable fundamental move, the non-corporate credit…
Read MoreQuick comment on Yield Curve as end of recession signal
Just had a one-hour call with an institutional client focused on today’s post about Yield Curve. In summary, it is really simple – the wider the spread between the 2-year…
Read MoreMonday tactical indicators update
Our four tactical indicators continue to reverse from the extreme oversold condition that occurred in March and are moving further into neutral territory. Below are the levels they stand at…
Read MoreEarly Monday look.
Good morning! I woke up and looked at the markets and thought the price of West Texas Intermediate (WTI) oil was a misprint. Oil is down 25% to $13.50/barrel due…
Read MorePowerful rally to end the week
Stocks had a strong rally Friday on hopes of a possible cure for COVID-19 (not a vaccine) and the White House looking to reopen the economy in May.
Read MoreTactical rally still ramping – what defines tactical vs. fundamental?
The S&P 500 (SPX) Futures are up big this morning on optimism (1) there is a drug from Gilead that can cure the Covid-19 virus, and (2) President Trump’s reopening…
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