More Bouncing Around the Pivot Points
Friday’s employment report ensures more of the same. The 1587 to 1662 area on the S&P should be popular for a while.
Friday’s employment report ensures more of the same. The 1587 to 1662 area on the S&P should be popular for a while.
While we are awaiting tomorrow’s employment report maybe a little reading is in order: http://www.realclearpolitics.com/2013/06/05/washington_booms_at_america039s_expense_309126.html http://www.mauldineconomics.com/images/uploads/pdf/2013_06_04_OTB2.pdf
Keep in mind that this May – October trading period is a period of a big top that becasue of the FED buildup will have more ramifications than either the 2000 or 2007 tops. So while the top will keep building,…Continue Reading →
The swing points of the trading ranges we mentioned the last few days are 1625 on the S&P, 144 on bonds, and 1400 on gold. Yesterday we saw the S&P go down to the swing point and bounce, it will…Continue Reading →
Here is an addition to the S&P and T-Bond trading ranges mentioned on Friday. We are looking at a Gold range of 1275 to 1525 for the same period. Part of the dilemma of the Fed is no doubt that both…Continue Reading →
As we said back on May 6th, the 2000 and 2007 tops were marked with a broad May-October period of price discovery. With the current action of the market bouncing around between poor economic numbers/more Fed and good economic numbers/less…Continue Reading →
As Europe and then Japan jumped on the Bernanke train over the past two years we have seen a world of extreme risk become our lot. The one thing everyone knows is that interest rates will rise at some point. …Continue Reading →
Grant Williams Do the Math Presentation to the 66th Annual CFA Conference in Singapore http://www.youtube.com/watch?v=Osq1yxSFVG0
No it isn’t, the question is…. did QE2 and QE3 get employment back to goals, and we know the answer.
At the start of today’s testimony both lawmakers and Ben came to the conclusion that QE did not work. The reasons, well, two were mentioned, fiscal drag from Washington austerity and Obamacare. Wake up guys, you have to let the 2008…Continue Reading →