Market wants to be Long for Yellen tomorrow
It needs no explanation !
Archive for April 2014
Confirmation
It feels like I have been talking forever, at least since the Start 0f QE2, about how the FED has been pursuing a short-term direction of avoiding the pain rather than solving the problem. Usually when I read something that…Continue Reading →
The Tedious Yellen Bounce
The April 15th happy talk comments by the Fed chair would appear to have provided one last bounce in the top formation, but that all is about to become history. The markets and investors are loaded up, fat cat stocks…Continue Reading →
Day 30 of the Top Formation
Here we are, day 30 after the presumed top on March 7, 2014, the market is hanging in there but has not been able to make broad new highs. From those highs of March 5-7, as of 8:45 AM CDT…Continue Reading →
Flattening Yield Curve
The Flattening yield curve is an environment where the difference between long-term and short-term interest rates narrows. In a market based economy a narrowing curve usually indicates rising short-term interest rates and this tends to slow the economy. In a…Continue Reading →
Day 27, and a Full Moon
Back in my younger trader days, the full moon was something to always be mindful. In the current macro-world it is just a moment in the 27th day of the top formation, but could be one to remember.
Big Earnings Week, Watch S&P 1799
At the moment the S&P seems to be lodged in the 1803 to 1831 trading area as the market waits for a big earnings week. A close under 1799 will move the market into a new stage, a trading area…Continue Reading →
Deflation Update
To follow up on our long held view that deflation based on the long delayed cyclical deleveraging process (QE2 and QE3 as delayers) is the biggest risk that we face, here is a link to a Bloomberg article on deflation…Continue Reading →
Day 24 of the TOP
The clock is ticking, we are moving to the end of this 20 to 30 day market top formation.
Inequality and Growth
The IMF takes a new tack on Inequality, this is for an organization that many in government think means “Its Mostly Fiscal”. An article in the New York Times today points out a shift in policy that could have far…Continue Reading →