Let’s just get this out of the way now… The September jobs report was absolutely abysmal. The U.S. added 142,000 jobs last month, widely missing estimates for 200,000. What’s more, August’s lackluster report was revised lower by 40,000 to 136,000. Back-to-back weak
October 2, 2015
The stock market just finished a brutal third quarter… The S&P 500 fell 8%…and so did the Dow and the Nasdaq. It was the worst quarter for U.S. stocks since 2011. Stocks around the world dropped too. The MSCI All-Country
There is presently a bull market in complacency. There are very few alarm bells going off anywhere; and frankly, in reaction to my own personal complacency, I have my antenna up for whatever it is I might be missing that
Treasury Yields Drop Again Curve Watcher’s Anonymous notes a further plunge in yields today following the disastrous payroll and factory order reports. Yield on the 30-year long bond fell to 2.80% from 2.85% yesterday. Yield on the 10-year note once
Modern Monetary Theory has been revolutionary in economics, and its influence is — beneficially — ever-more pervasive. It has opened the eyes of a generation to a clear-eyed, accounting-based methodology that trumps dimensionless theory, and has brought a deep, nuts-and-bolts
Rome – What are we doing in Rome? We’ll tell you Monday. That will give us time to figure it out… In the meantime, remember: Cash is king. It’s one of the best-performing major asset classes this year. It’s also –
Federal Reserve chair Janet Yellen said it. At long last, she said Thursday, inflation is set to hit the central bank’s target. Not now, mind you, but in the years to come. The Federal Open Market Committee (FOMC), the wizards
The most significant thing I’m seeing this week is my measures of risk strengthening amid large range days and high volatility. Market participants are getting comfortable with wide swings in their portfolios. The improvement in my measures of risk still
Since mid March the AAII bullish sentiment reading has been below its long term bullish average. As a contrarian indicator, low levels of bullish investor sentiment typically point to equity markets that are near their bottom. Keeping in mind though, this sentiment
It’s been a tough 12 months for the Energy sector and Exxon Mobile hasn’t been immune to the pain. After topping out at $100 in July 2014 (XOM) fell almost 40%. The good news is there are signs of life
