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…

Labor Report

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The market came under significant pressure yesterday. The Dow Jones broke into some lows that may cause concern, but we should take a breath and look at the broader S&P 500 and Russell before we call this a break down. The S&P 500 is still holding well above 2070 with the low support at 2050. Read more…

Energy Plan?

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I thought I would deviate from typical economics and market news today. I want to make a point that perception and optics can change policy and that policy can change the economic and financial landscape. Energy Plan Yesterday the President unveiled his new energy plan. It is an aggressive policy to cut carbon and a Read more…

Greek Crisis ?

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I apologize for not keeping up with the Market Preview recently. Between expanding and working on our new business www.lendacy.com, working on our new site and content, and focusing on business – I have not allocated the proper time to write the daily market preview. Additionally, dealing with family issues this year has forced me Read more…

Buy the Bounce?

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The market pulled back yesterday to those support areas and looking at this morning’s pre-market futures it looks like we are going to bounce and rally back. This rinse and repeat scenario can lead us into a false sense of security, in which we expect to buy every dip to ride the market higher. Buy Read more…

Yellen Speaks!

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I have been pointing out, rather frequently, that our nation’s economy (and the rest of the West – Europe and Japan) is becoming ever more entwined with the Federal Reserve’s monetary policy. The media is still fixed on this “extraordinary temporary measure” and that the Fed will soon be raising rates because the economy is Read more…

BRICS vs. WEST CHESS MATCH

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The equity markets have pushed up and well into those resistance levels waiting for a break-out into new highs. The better-than-expected Labor Headline data has certainly helped boost optimism. Additionally, while there is broad concern that Fed will raise rates, they haven’t yet and for now they continue their zero interest rate policy, bond buying Read more…

Currency War Update

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The market has remained elevated and pushing up against those resistance levels. Perhaps this week we will see a break-out higher or a retracement back to the support levels. The recent Labor Report had excellent headlines, but the market didn’t get behind it as there was a dose of skepticism. Greece remains a shadow over Read more…

Greek Tragedy

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The Greece problems are on the rise again. As I had mentioned back in 2011 – 2012 that while the string of bailouts have bought them time, the issue is only being shoved onto the back-burner and will again be front and center news that will again disrupt the markets. The issue that I want Read more…

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