Consumer Status

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It will be a “highly promotional holiday season” stated Wal-Mart upon their release of earnings. The holidays will be a battle for consumer market share and some of that extra money not going into the gas tank. The competition seems to be moving downstream to the discount retailers as this is where the bulk of Read more…

Confluence of Inflation and Margins

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Holiday season is underway and you can’t turn on the TV or open a newspaper/magazine without being blasted with holiday sales promotions. This is the time of year where retailers are playing catch-up and to drive home the revenue to boost the full year profits. The good news for retailers is the drop in gas Read more…

Ford Earnings Example

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Volatility has NOT left the market and we should expect it to remain until the FOMC meeting clarifies their monetary policy and forward guidance. Until then the market and media have turned their attention back to earnings, geopolitical volatility (Hong Kong / China / ISIS), and Ebola. These events are certainly causing jitters in the Read more…

Dollar Strength

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The market is bouncing off the lows and the volatility (premiums) is mellowing again. The Fed officials were on the parade last week; hinting, implying, commenting on future monetary policy. Two Fed officials even suggested halting the taper and extending QE. I believe those soothing words have certainly helped calm the market and quieted the 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…

Walmart Earnings

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The market seems to have found the support area and seems to be getting a decent bounce if we look at the Dow Jones, S&P 500, and the NDX. However, when we look at the Russell index it seems to have been having difficulty getting above that 1150 area. Unless we can get the Russell Read more…

Weak Retail Sales

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The market gave up on the rally yesterday. What was more concerning was the weakness in the broader base Russell that gave up. I am still expecting that we don’t crack down below the critical support levels prior to the mid-term and believe the Fed has their hand on the printing press button. However, that Read more…

Tale of Two Cities

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The market had a decent bounce yesterday and it looks like we are building a consolidation for a broader support in here. We could be in for some chop in here as we build consolidation before we get a solid rebound back to the previous high or break-down to new lows. The longer we can Read more…

Earnings: AET, MRK, PFE, and UPS

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Today we kick off the two day FOMC meeting and the media economic wonks are already hypothesizing the outcome. No doubt there is some disagreements inside the Fed, which have become vocal (see Fisher’s WSJ article yesterday). I am sure Yellen was very appreciative of Fishers OpEd right before the meeting. Is the Fed to Read more…

Earnings: SBUX & V

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The Dow Jones seems to be stuck at 17,000. Perhaps it is waiting to get the blessing from the Fed? It seems that market has ignored Earnings (good and bad), ignored geopolitical instability (Israel and Ukraine), and even recent economic data. I was recently discussing this interesting phoneme with another fund manager, he conclusion was Read more…

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