Bull Trap Ready
S&P 500 bearish overtures were refused, bonds remained optically risk-on and strong, but the true picture reflects a daily stall. Refusal to drive prices higher in the absence of convincing,…
Consolidation Now
S&P 500 did a brief intraday downswing yesterday – very fast erased. Bonds strong, market breadth further improving, FOMO almost kicking in – and then AAPL and AMZN earnings interpretation…
Bullish Case Explained
S&P 500 slowly rising into the FOMC served to confirm the upcoming bullish interpretation of Fed moves. On one hand, the 75bp rate hike is over, on the other hand…
Right on Cue
S&P 500 declined, but the short-term bullish case is far from lost. There is a stark contrast to yesterday‘s tech earnings as opposed to Walmart or Snapchat lately – shifting…
The Message
The White House continues to tell us that they are doing nothing wrong with the way they are running the economy or the country, it’s only the messaging that gets…
Who Do You Trust?
If you can’t trust Russian President Vladimir Putin then who can you trust? European natural gas prices fell after Mr. Putin assured Europe that he would provide all the gas…
Risk-On Vs. Liquidity Squeeze
S&P 500 ended a losing streak thanks to the still fine retail sales data, and even consumer confidence edged up. In the flattening yield curve characterizing the move to a…