Normalization

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The Fed Hike Rage Debate is becoming silly to the point of absurdity. This debate which is becoming heated is also driving volatility into the market. The sad reality is that it is no fault of those that are debating, the fault rests squarely at the feet of the Fed and their failure in leadership Read more…

Market Sell Off?

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The short-term supports broke on Friday as the market plunged. The action didn’t seem like a panic, rather a controlled sell-off as investors look to take money off the table heading into the close of the year. However even the most controlled sell-off can be fueled by margin calls and forced liquidation, all of which Read more…

FOMC Tea Leaves

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While the market has already strongly reacted to Fed FOMC expectations, the media is slowly catching on. We will likely see more attention turn towards some recent and current economic data to justify the FOMC statement. The geopolitical concerns, Ebola, ISIS, Hong-Kong, and the rest is going to take a back seat to economic data Read more…

Stuck in the 1930s

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QE1, QE2, QE3 it seems like we keep repeating ourselves. The sell off and selling pressure is coming from a concern of a wind-down of QE and also a hike in interest rates. The parade of talking heads in the financial media actually BELIEVES the Fed is going to hike rates sooner and completely end Read more…

ZIRP

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We are seeing significant volatility and huge swings in the market. No doubt that panic is starting to rear its ugly head. While I am critical of this market and do expect a correction, I don’t believe the Fed will sit by in this next FOMC meeting and risk a significant market sell-off heading into Read more…

Dollars, Gold, and Bonds – Oh My!

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The market remains at a precarious level and I think if we can’t hold these support levels into the close we could be setting up for a small correction of a couple of percentage points. On the other hand I am not looking for a full sell-off back to the August lows just yet, with Read more…

Jackson Hole

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Friday was certainly an interesting day as far as trading action. After a week of strength, rebounding off support levels, we started seeing some selling pressure into the close. There was lots of talk in the financial media trying to make heads or tails out of the rally and Friday’s weakness, but it was all Read more…

Fundamental Reality

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Volatility continues to inject itself into the market. While those that have followed the Market Preview, most likely know my long-term concern of a broad market correction, I believe that it has not arrived – yet. No doubt there is some flow into the 10-year searching out some, most likely, short-term cover from volatility. Additionally, Read more…

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