A lot of rookie traders would give their left arm to be able to correctly spot and call a bottom in stocks, the better to get in position to reap maximum upside on the run back up. “Have we seen the bottom?” That’s a question on a lot of minds right now as we’re finally
Hope you enjoyed all the soapy froth, blowout earnings, and all-time highs we’ve seen over the past few months… …’cos it’s very close to being over with. The Warm, Fuzzy LoveFest of 2024 is hanging by a thread. This market, beneath the surface, has been a powder keg for the past three weeks or so.
Despite offering some of the highest yields in recent memory, Uncle Sam is having a tougher and tougher time selling bonds right now. Demand at yesterday’s 10-year auction was abysmal, which tells me there’s not much appetite for that particular flavor of Treasury debt. Today’s 30-year Treasury auct
CPI came screaming in this morning at 0.4% against expectations of 0.3%. That’s hot in anyone’s book - and you could almost hear the market cry as its hopes of a summer rate cut up and died. The S P 500 started weak and got weaker along the way to a 0.95% loss for the day.
Stocks are currently moving sideways; they’re consolidating almost entirely across the board. But if you’ve been with me for a while, you know I like to think and trade in terms of cycles, and I’m seeing signs that we could be late in the equity market cycle. That’s because we’ve seen recent outperf
Energy stocks have been on a tear recently. Gold, silver, and other metal shares have had an impressive run, too. Their rise has been particularly impressive because the rally has defied the long odds imposed by rising bond yields. But that’s all in some doubt now. These markets find themselves in a
We just lived through the most volatile week this year - and a lot of people following along with my picks got the chance to clean up. (More on that in a second.) And I don’t think we’ve seen the last of the turbulence…not by a longshot. Tonight we’re going to look at what we
After a morning of calm, steady gains, the markets got a significant jolt of dread this afternoon. News hit that Israel was boosting security measures at its worldwide embassies and consulates in anticipation of Iranian retaliation for a recent Israeli attack. This whipped the bulls and in a matter
Dozens of the biggest stocks on the market are at or near their all-time highs. Valuations are still at nosebleed levels. So why don’t I feel great? Because unlike the market, where hopium and craziness can take you really, really far, severe cracks are starting to show in the U.S. economy… where ho
