We got another cut today, and parsing out its statement is unusually easy… because they’re some of the shortest-ever remarks ever released around a rate cut, at least in recent memory. “Recent indicators suggest economic activity has continued to expand at a solid pace… labor market conditions have
If you’ve been watching the markets for a while, you’ll know they’ve been anticipating the outcome of the election for a few weeks now. Price action “knew” how it was going to play out. Not that we didn’t get some volatility - we did, it just played out overnight and resolved quickly. And when that
If you were on my stream yesterday afternoon, you heard me talk about the improving condition of the market’s internals. This improvement has continued today; we’re seeing the right things (i.e., leadership) from the right sectors. Biotech is looking increasingly strong and so are the crypto markets
The U.S. presidential election ends tomorrow; we’ll see results filter in throughout Tuesday’s trading session. Algorithms will be making judgements as to which markets and stocks will benefit from a Trump or Harris victory. For us mere humans, the outlook as to who will take the reins from Presiden
We've come to the end of a long, wild week in the markets… …and we're heading into what promises to be an even wilder week. The election is just part of it. This is what you need to know before Monday
For economists, especially those who’ve studied or even lived through the Seventies, there’s no scarier word than… stagflation. The mere mention of it fills market-watchers with dread. The word, and the concept, are a British import from the Sixties - probably better it was just the Beatles - during
Earnings… employment… inflation… election. These are the risks looming out there - any of them, or all of them could upend the up-trend and ruin your day if you’re not prepared. But it’s not where the ball is, it’s where it’s going that’s going to matter here. The S P 500 is down a little for
Stocks keep coiling near their all-time highs ahead of a slew of Big Tech earnings releases. In fact, by the time you read this, Google and Snapchat ought to have reported, and the releases won’t let up anytime soon. We’re also due to get a look at big inflation and employment reports this week, lea
The S P 500 finished modestly higher as crude oil slipped over 5% on the day. With oil down, you would think that U.S. Treasury bonds would be up as the inflation monster is further tamed. If that was your thought process, you would be wrong! While oil is only surface level analysis on the future
