FED inaction and Debt ceiling cleanup have kept the bounce alive, however the Macro’s still point lower. While the Macro’s on the Dow and the S&P turned lower three months ago, Nasdaq just turned down a week ago and the…Continue Reading →
Last night’s debate was a circus. As the party of the old white guys slowly moves to the horizon we still need to find a qualified candidate in either party. Along somewhat the same line yesterday, at one of our…Continue Reading →
We all know Yellen has a problem. Basically, QE3 and the knock-offs instituted around the globe do not address core economic problems that could increase consumption. This is because the money has been funneled into a non-productive area of the…Continue Reading →
With the FED bounce now behind us we can look at the various scenarios that could develop here: The FED does nothing, Macros take over, stocks go lower The FED raises rates, Macros take over, stocks go lower. One thing…Continue Reading →
The 2070 S&P Bounce target is now history, actually went through a few points to 2079. In a sense this is amazing to have seen this play out. You know what to do from here. The dollar looks set to…Continue Reading →
With China and the EU adding fire to the deflation scenario we might really find out what the answer is to the big question. What is the FED’s Mandate? Is it really Price Stability and Full Employment? We know that…Continue Reading →
Then, like now, the Macro stock market indicators had turned decidedly down but the Micros needed a little blip up. The rally only lasted about eight weeks then, so the fact that we are now seven weeks from the August…Continue Reading →
I always like to look at the data the FED has to work with in their meetings, especially now that we have a FED that is data dependent rather than one that is made up of economists with big picture…Continue Reading →
The high on the S&P today, 2030 has been an indicated sell point for some time, see our comments back on October 6th. It seems so easy that one can overthink the situation and look for a little excess energy…Continue Reading →
The on going debate of whether the FED should raise rates or continue to sit on their hands has been going on ever since QE3 was instituted back in September 2012, three years ago. Points that we have made over…Continue Reading →