GDP Good or Bad?

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The market had a good bounce off the lows and the “Dovish” FOMC statement certainly left many guessing if the Fed would raise rates in September. Today the GDP will not just give us an idea of the health or weakness of the economy, it will reaffirm to many market participants as to whether the Read more…

GDP Disappoints

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The top three government data points will continue to rule the market perception about the economy. U3 will tell us the unemployment story and will be spoon fed to us by the government and the market will ultimately believe it (regardless of the math, U6, and participation rate). The CPI will be hailed as the Read more…

Alibaba and Exports?

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It is Election day and regardless of your politics or mine, I urge you to go out and vote. It is one of the most important duties we have as citizens in this nation. I am not sure how the market will react, perhaps it is time to “Sell the News” as it seems we Read more…

Hawkish or Dovish?

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Was the FOMC statement Hawkish or Dovish? I think the market is as puzzled as some economists, even CNBC economics reporter Steve Liesman (Keynesian) was puzzled. The market reaction was muted for the most part and I think needs to adsorb what was said and then also look what has changed (if anything). For the Read more…

The Battle

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Market pull back was significant and certainly has triggered concerns that a larger correction is looming. While I am expecting some significant pull backs in equities, I am not sure THIS is the start of a broader correction – not yet anyway. I am certainly not bullish the broad market based on strong fundamentals, my Read more…

Status Quo

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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…

GDP Optics

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The market continues to pushes higher and the Fed freight train continues. However, this morning the futures are under a little pressure, mainly from concerns escalating from the Ukraine on a supposed Russian “stealth” invasion. However, if the recent trend continues, geopolitical events only send intra-day knee jerks into the market, which are quickly shrugged 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…

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…

Market Bounce?

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Last week was a wild ride. In my conclusion on Friday we were not heading into a full correction just yet, there is just nowhere to go with your money at this point. Plus we have not seen an economic catalyst event (see Friday’s conclusion). The Fed’s FOMC statement while recognizing that inflation was on Read more…

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