GDP Optics

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The market continues to pushes higher and the Fed freight train continues. However, this morning the futures are under a little pressure, mainly from concerns escalating from the Ukraine on a supposed Russian “stealth” invasion. However, if the recent trend continues, geopolitical events only send intra-day knee jerks into the market, which are quickly shrugged Read more…

Pathos of Confidence

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S&P 500 breaks 2000 and there is no reason it can’t go higher. However, in order to have faith in it climbing higher we must separate the fundamental realities and come to understand you can’t fight the Fed and the power of perception. I continue to struggle with the catalyst that will end the Fed Read more…

Durable Goods

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What a difference a day makes, well in perception perhaps. Looking across the economic data spectrum as well as geopolitical landscape, nothing has really changed. The Fed remains accommodative, interest rates at zero, and economic growth as measured by the GDP has moved in radical whip-saw measures with huge revisions. Even reviewing Yellen’s speech, she Read more…

Discombobulated

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Yellen’s’ speech was nothing short of being discombobulated. Over the weekend and this morning there is a clear divided as to what she did say. Half interpreted that she will raise rates sooner; the other half heard something completely different. Some believed she said the economy was stronger, while others heard a more fragile labor Read more…

Fundamentals of Paper

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It is time we pay closer attention to all the indices as we see the major indices try to push through the resistance levels. It is interesting to note in yesterday’s action that while the narrower and weighted indices pushed higher the broad-based Russell actually closed lower on the day. I believe to confirm a Read more…

Index Value

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A breakout session? That is certainly what is crossing many investors’ minds and the financial media is leading the rally cry. I do find it fascinating that from day-to-day the tone, mood, and view of the TV pundits change their tune as if something drastically has changed. I ponder how much of the market psychology Read more…

Economic Review

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Two days of solid runs higher, can we get another move to test those resistance levels? Continue to watch the Russell index as it needs to see a solid break-out above 1150 along with buy-side volume to confirm this bounce has some legs. Economic Review While the media prefers to focus on market shaking economic Read more…

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