Sustainability

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The market roller coaster ride continues and will continue until we get to that FOMC meeting. The market, investors, the world needs certainty as to what the Fed will do and also set a tone of expectations going forward – rather than this we will see attitude that is “Data Dependent” which keeps us guessing Read more…

Bear Market?

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Murphy’s Law struck and of all the days – seriously – it was yesterday in which our open position files from the clearing firm were not updated in the morning (the clearing firm was having problems). I was excited to get into work with the market down significantly, as we were over-hedged in all positions Read more…

Margin Call

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The market broke supports and closed on the lows. But is this the beginning of a major correction and bear market or is this a buying opportunity? What I feel it should or should not be is less important than what it actually is. I preface this because we know there are structural problems in Read more…

Normalization

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The Fed Hike Rage Debate is becoming silly to the point of absurdity. This debate which is becoming heated is also driving volatility into the market. The sad reality is that it is no fault of those that are debating, the fault rests squarely at the feet of the Fed and their failure in leadership Read more…

Fed Obfuscation

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The market seems stuck at these levels, poised to make a move. The debate that swirls around is whether or not the Fed will hike rates. I find it a mute debate, as most of it is based on rhetoric and what they “should” do; there is little talk about the actual numbers, facts, and Read more…

Oil Story

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Perhaps this week the market can take a rest from the volatility that circles our world. What is interesting is the market (fueled by our media) acts surprised by these volatile events, when in reality they are all fairly well known and we should have a level of probable expectations. This is what concerns me Read more…

Beware of Greeks bearing gifts

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This week China has been disrupting the markets with their currency moves. The moves themselves, relative to the change of other currencies, have not been that big. However, the idea and impact of even a small change in a pegged currency that has been strengthening against the dollar to suddenly be reversed shows how quickly Read more…

China’s Yuan

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The market hit some of those intraday support lows, but what was important was how we closed. We saw volume pick up and a strong rally to get above those key levels and that is a hopeful sign that we could see continued support in here. It is not over yet and I suspect we Read more…

Currency War Heats Up

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The recent rally had its knees cut out by China’s surprise currency devaluation. The markets gave up all their gains from the previous strong rally and this morning the selling pressure has resumed. Currency War Heats Up The reports coming out of China are confusing to say the least. China’s yuan is pegged to the Read more…

Currency Wars

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The market saw a healthy bounce off the support levels, but will we see a continuation of the rally from these levels? That will sadly depend on the market’s perception of what the Fed will do with rates this September. Currency Wars If you have been following the Market Preview I have been writing about Read more…

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