We are facing a market in distribution (another way of saying it’s undergoing a correction). Trading in this environment is tricky. While you may be tempted to buy into lower prices, you don’t want to jump on board before the
October 24, 2018
Heading into the mid-term election, which is now just two weeks away, political gridlock in Washington persists. This is especially true as chances of an outcome consisting of a Democratic-controlled House and Republican-majority Senate seems likely. Per a Washington Post/Schar
Heading into the mid-term election, which is now just two weeks away, political gridlock in Washington persists. This is especially true as chances of an outcome consisting of a Democratic-controlled House and Republican-majority Senate seems likely. Per a Washington Post/Schar
Following Europe’s PMI slump to its weakest since Sept 2016, US Manufacturing and Services PMIs surprised to the upside in the Flash October prints, driving a rebound in the composite index after four straight months lower… Flash U.S. Composite Output Index at 54.8
Many attribute the saying “a rising tide lifts all boats” to President John Kennedy. He may have been the man who brought it into the mainstream but as his former speechwriter, Ted Sorenson long ago admitted, it didn’t originate from
The hot topic on Wall Street is the weakness in the housing market. The most obvious cause for concern for macro investors stems from the crash in housing stocks. The XHB index which measures the housing market is at a
It was another day of significant volatility in the natural gas market, as slightly warmer overnight guidance pushed prices briefly lower before very strong physical prices spiked the front of the futures strip. Warmer risks on early afternoon guidance then
This is the point where sticking to investment process matters most. Every fall we get a sort of tarantula migration through Walker, the little community near Prescott, AZ where I live. The header picture for this post is a tarantula
Bear Market – Weak Richmond Fed Survey The Richmond Fed index fell from 29 in September to 14 in October. This missed the consensus for 24 and the lowest estimate which was 16. Weakest component was shipments which fell from
October has been a terrible month for equities. Yet, this is only a start of what’s to come. Decline Barely Started Despite the rout, the S&P is just barely down for the year. Expect a “Lost Decade” Why? The Shiller PE
