Oversold Bounce
The S&P 500 gave us the oversold bounce we anticipated for today, snapping a six-day losing streak in the process. That streak ultimately ended with the largest one-day drop…
Read MoreClose to a washout but not quite there
Not much to smile about today for equity investors.
Read MoreComment from the road
I am in Boston visiting clients to talk about where we are in the correction process and our thesis of a generational change in how the Fed views inflation. …
Read MoreChinese response to tariffs pushing stocks lower
S&P 500 futures are falling over 1% this morning after the Chinese government let their currency weaken to the lowest level vs. the U.S. Dollar in over ten years.…
Read MoreThe market is following our pullback script
We often say corrections are only considered “natural, normal, and healthy” until you actually get one, and then it feels like something much more significant. Today, after being up…
Read MoreBrief reversal comment
The combination of a weak Fed press conference yesterday and Presidential tweet adding tariffs to China September 1st has been the spark for a market looking to correct.
Read MoreMarket update following yesterday’s FOMC meeting and press conference
In our opinion, there was nothing wrong with decision of the FOMC to lower interest rates 25 basis points – that was expected and caused no immediate reaction in…
Read MoreRates cut and equities down
Historically, initial rate cuts are followed by an average 2% immediate decline before seeing upside in the intermediate term. Today, after Fed Powell announced a 25bp cut, the S&P…
Read MoreThese press conferences are awful
Many are wondering why the market reacted so poorly to the Fed Rate cut that was announced today.
Read MoreBulls rise in the latest survey
The new highs in the S&P 500 (SPX) last week turned newsletter writers more bullish.
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