The recent NYT article “Crisis Management Rethough” by Binyamin Applebaum sheds some more light on clear thinking, something that all the talk by Tim Geithner seems to avoid. See link here concerning a new book by Atif Mian and Amir…Continue Reading →
As of today we are 50 days into the top formation that started on March 7, kind of an unprecedented amount of time for a top. A trade under 1827 on the S&P would be that kind of signal, whenever…Continue Reading →
The recent decline in Twitter and Amazon have some investors up in arms and explanations are flowing madly in the media. My take on this is that companies that are based on the come with revenue being the bottomline, not…Continue Reading →
Maybe it is because we are hooked to a data dependent FED and we just saw a good employment number with the unemployment rate at 6.3 %. All of those numbers fly in the face of the fact that things…Continue Reading →
It needs no explanation !
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 →
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 →
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.
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 →
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 →