Fed Stars Align

Posted on: by .

The market has made a healthy bounce from the recent sell-off, but I suspect we will have a little reprieve at this point. We need to catch a breath from this roller-coaster ride and we have move back up into previous support ranges so we could be facing some resistance at these levels. The FOMC Read more…

Status Quo

Posted on: by .

The status quo is certainly comfortable, as long as the market continues to rise. No one actually wants to be bearish and we all generally want prosperity. Yet there is the notation of a hidden hand of Fed interventionism at work. All is good as long as that hidden hand can continue to buoy the Read more…

CPI and GDP Revisions

Posted on: by .

The market has pushed up into that resistance zone and looks like we have a possibility of breaking out. Even the Russell is up above that 1160 mark yesterday, but don’t count your chickens before they hatch. Right now this is a bounce off the recent lows, not a trending rally yet. Be patient and Read more…

Economic Review

Posted on: by .

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…

Earnings: KO, MCD and UTX

Posted on: by .

We are at the start of the earnings season and we are also waiting for some big names after the close; Apple and Microsoft. While the bottom line is always important, what we really need to pay attention to is the topline revenue and sales. We have seen over the last few years with the Read more…

Scout Motto – Be Prepared!

Posted on: by .

The situation in Iraq is certainly concerning and there is no clear or clean answer. No doubt Iraq was, is, and will always be a nation of sectarian to an extent that trying to rule in a non-partisan way will only bring forth violence. Saddam Hussein ruled with an iron partisan fist and Prime Minister Read more…

Global Volatility

Posted on: by .

It looks like we may be in for not a quite summer after-all. Oil prices on the rise as violence increases in Iraq, the IMF is warning about the rise in prices in the global housing market, more economist are stating the Fed has economic growth to high and ignoring inflation risk, CPI breached the Read more…

Let the Market Free!

Posted on: by .

The market is still hanging tough, even after a rather dismal GDP report. Remember, an “official” recession is two negative GDP quarters in a row; we just had a whopper drop of negative 1% last quarter. Yet the market didn’t seem phased at all, in fact it started rallying? Makes no sense to some unless Read more…

Blowing Bond Bubbles

Posted on: by .

The 10-year bond yield is getting more attention today. One can certainly not ignore the yields, no matter how much the media pundits would like to spin the economic data. The problem is that with a strong economy, the winding down of QE and an anticipated rise in rates, expectations are for the long-term bond Read more…

Economic Spin Zone

Posted on: by .

Have we put a new support level in here or is this just a fake out and retracement? While that is certainly a valid question, the answer really depends on which index you are monitoring. The Russell stalled heavily over the last two days and is back down to its lows, testing a significant support area. Read more…

    Older Posts >>