Are we ready for a “melt up”? That is the question I hear batted about among financial professionals. More are starting to absorb and think through what Tepper had stated last week, followed by Fed President Fishers interview yesterday. The Federal Reserve doesn’t look like they will stop anytime soon and according to Fisher and Read more…
The market treks higher, with a slight pause here or there. We have now heard from some prominent and well respected investors (such as Tepper, Buffett, Dalio, Rogers, etc.) that the equity market has and may continue to rally, because the Fed monetary policy is forcing that decision. Treasuries have been called everything from “artificial” Read more…
The market momentum seems to have stalled late in the week. I am not necessarily of the belief that it means that we will see a correction, but we could see a slight pull-back before moving higher. Getting long on any short-term pull-backs means also making sure to have the long Gamma to protect yourself Read more…
The rally continues and the talk in financial circles related to some key points that David Tepper mentioned yesterday. Maybe the best way to sum up his analysis is to say; “The market will go up, by hook or by crook!” Temper’s view (correctly I might add) is that if the economic data is not Read more…
Yesterday saw a solid move higher. It was driven in the pre-market with a rare interview with David Tepper (billionaire hedge fund manager). In 2010 he was Bullish the market, not because he was optimistic about fundamentals, but rather the market would rally because either the economy would get better and if it didn’t the Read more…
Last week the market seems to be slightly stalling after another good run. This recent run in the first quarter has been driven, stalled, slight pull-back, and then driven again in a cycle. What seems to be the motivating driver is broad economic news and data, rather than individual company earnings and fundamentals. When the Read more…
The market took another pause yesterday from the rally. There is a little consolidation in here and we could see a 1-2% pull back in the near-term before we make another leg higher. So far this has been a stepping rally, with slight pauses and pull backs and to date it has paid to reload Read more…
It seems that we are starting to see more and more capitulation by the Bears. Joe Kernan on CNBC Squawk Box has railed against every analyst that has called for a pull back for the last couple of weeks and now they are all gun shy and some of those Bears have converted to Bulls. Read more…
We managed to see the Dow Jones break above that 15,000 level yesterday and the NDX is pretty close to breaking through 3,000. Much of the talk in the financial media is again focused on these new levels and again the question is; “Can we go higher?” Sure why not. The Fed’s monetary policy is Read more…
The equity markets are in that testing zone. After a good move higher after the better than expected Labor Report, but not “too good” to end the Fed’s “easy monetary” policy, the market is now paused just below those highly touted levels. We can certainly break through them and most likely will, yet we will Read more…
