Bear Market?

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Murphy’s Law struck and of all the days – seriously – it was yesterday in which our open position files from the clearing firm were not updated in the morning (the clearing firm was having problems). I was excited to get into work with the market down significantly, as we were over-hedged in all positions Read more…

It’s all about Symmetry

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It looks for now that the short-term supports have held and while we could see some volatility in the weeks ahead, I believe that the Fed will come to the rescue. However, probably not until the September or perhaps in the 11th hour at their October FOMC meeting. I don’t see any major shifts of Read more…

Fall Equinox Outlook

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The market continues its fit and start jolting move higher. The main driver remains the zero interest rate environments, coupled with the enabling QE program. Searching for yield? Well the only liquid answer is equities. This week I reported that even central banks “sovereigns” are seeking better returns as their returns on interest continues to Read more…

Volatility

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The yield in the 10-year bond is creeping up to 3% as bonds continue to sell off. It would seem, based on bond prices, that the taper is getting priced into the bond market. Perhaps investors believe that the inflation bubble is mounting and would rather just find safer store value. Maybe they have come Read more…

Stock Market Bubble?

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The market made a solid rally up to and through its resistance levels. More importantly the indexes closed strong. I was asked, what gives? There was bad economic data (jobs), the majority of S&P companies are lowering forward guidance, there are continuing problems in Europe, we have our own fiscal issues, etc. Why is the Read more…

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