Monday, October 16, 2017
A rebound in temperatures in September should help Industrial Production improve despite the impact of Irma; and, so far, the Fed's balance sheet is still growing in October despite plans to taper.
Guns & Butter
Monday, October 09, 2017
The forces of supply and demand are likely to conflict this earnings season and, while the trend is still up, the setup is better in the other direction.
Conflicting Data Favors Small-caps
Monday, October 02, 2017
There has been conflicting employment data as the Energy sector showed surprisingly strong hiring in September... and that can be used to support continued outperformance of the small-caps going into the upcoming earnings season
Now Revert to the Economic Data
Monday, September 25, 2017
Even though QE ended a couple of years ago, the Fed's balance sheet has continued to grow, but now that is going to change, which would allow stock prices to revert back to the economic data.
Monday, September 18, 2017
The Fed's rate decision is often a turning point for the stock market, at least for the short-term, and this time the focus should be on its balance sheet policy where the Fed's actions continue to contrast with its statements.
Listen to Livermore
Monday, September 11, 2017
Jesse Livermore taught us that disasters take time to impact stocks in a bull market and you don't want to sell too soon.
Tuesday, September 05, 2017
More money came into the market last week than any other time this year and, while there were buyers across all groups, most of the money went into the Earnings Momentum stocks.
Strong Guidance Signals Bottom
Monday, August 28, 2017
The strong guidance given during the month is more consistent with the start of a bull market than the end, and early employment data suggests this Friday's jobs report will give confirmation.
No Confirmation of a Top
Monday, August 21, 2017
The bottom-line is there are a lot of topping indications, but no confirmation yet even though a very strong earnings season failed to live up to lofty expectations.
Still Sell Volatility
Monday, August 14, 2017
Just a reminder - leading indicators still say we should be sellers of volatility.