Job Growth?

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It’s the last day of a volatile and uncertain quarter. The market has done a fantastic job bucking the bad news, weak economic data, taper, and Russian politics; however, it has also not broken out of a range all month and it seems to be waiting for some type of confirmation of confidence before moving Read more…

Waiting Game

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Leading indicator? Is it the Dow Jones and S&P 500 that have held supports and look like we might bounce higher OR is it the broader based Russell and tech heavy NDX that have broken below supports? The VIX has not been a good indicator of late for those searching for a sign of optimism Read more…

Stress Test?

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The market continues to struggle to push higher and the broader indices came under pressure yesterday. The VIX is still pricing in an either/or scenario. If we solely listen to politicians and Keynesian leaning economist, the economy is recovering and everything is great, but is it? Stress Test? I have previously been critical of the Read more…

The Spin Zone!

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The major indices over the last couple of days reflect a mixed picture. If you look at the Dow Jones it has been running strong against the short-term resistance and looks like we are going to see a break-out rally as early as today. The tech heavy NDX has been flirting with recent lower lows Read more…

Pivotal Point?

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The bond market is certainly facing an interesting conundrum. We saw 10-year yields rally into the New Year, as the news of the Taper spooked the markets. However, since the New Year, the yields have come down to 2.7%. We have seen some volatility in recent days heading into Yellen’s first FOMC meeting. She stayed Read more…

Breakout Rally?

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The Fed and geopolitical situations continue to be the daily volatility driver into the market. Yellen’s gaff in the Q&A session sent the market down sharply and yesterday the President stated that a military option is off the table with Ukraine, sending the market up sharply. All this shows how jittery and reliant the markets Read more…

Ultra Dovish Fed

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Today it is all about the Fed and Janet Yellen. The turmoil in the Ukraine has been ignored, Russia flexed its muscle and the US talked tough – game over. The recent economic data continues to draw a mixed picture about the economic recovery. It certainly doesn’t seem that the economy is getting bad; the Read more…

Real Housing Data

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Who would expect the market to make a strong rally off the supports after Putin did exactly what the US warned that there would be “consequences” against? I think we all know that the US and Europe can offer only hot air. I am not going to debate the merits of Diplomacy or what the Read more…

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