Mon October 23, 2023

Can Large-Cap Technology earnings save the Stock market?

QQQ, DJIA AND SPX ARE RIGHT AT OCTOBER LOWS, AND SHOULD ATTEMPT TO MAKE A STAND THIS WEEK, I BELIEVE.  HOWEVER, THIS LIKELY DOES DEPEND ON A LARGER ROLLING OVER...

Mon October 23, 2023

Uncertainty dominates macro headlines, sidelining investors. 162 S&P 500 report this week, biggest week of 3Q23 season.

We discuss: There are widening uncertainties around Israel-Gaza, Washington, rates and EPS season.  This explains why investors are sidelined but we need to be mindful that markets bottom on bad...

Thu October 12, 2023

Big Data, Big World

“There were 5 exabytes of information created between the dawn of civilization through 2003, but that much information is now created every two days.” ~ Eric Schmidt, former CEO of...

Thu October 12, 2023

“Backing and Filling” has begun following first runup off Oct lows

US EQUITY MARKETS TECHNICALLY LOOK TO HAVE BOTTOMED AND ARE SLOWLY PROGRESSING OFF EARLY OCTOBER LOWS.  BOTH US DOLLAR ALONG WITH TREASURY YIELDS HAVE BACKED OFF IN RECENT DAYS FOLLOWING...

Wed October 11, 2023

Fed-speak unwinding hawkish ripples since Sept FOMC. Adding case for a downturn in yields = P/E expansion ahead = supports YE rally

We discuss: how 10-yr yields are running out of reasons to rise at a time when Fed-speak has distinctively turned dovish.  And P/E multiples for stocks are just not that...

Fri September 22, 2023

GRANNY SHOTS: September Super Granny update. 

WE WILL NOT BE HAVING AN ASSOCIATED WEBINAR FOR THE SEPTEMBER SUPER GRANNY UPDATE THIS MONTH.UPDATING 5 SUPER AND 5 SLEEPER GRANNIESCHARTBOOK LINKED ABOVE “Super Grannies” (long) and “Sleeper Grannies”...

Wed August 9, 2023

Energy still strengthening, while Natural Gas has finally broken out

MARKETS HAVE ENTERED A WINDOW FOR POTENTIAL LOW WHICH LIKELY HAPPENS BETWEEN NOW AND EARLY NEXT WEEK.  US DOLLAR AND US TREASURY YIELDS LOOK TO BE ON THE VERGE OF...

Mon August 7, 2023

SPX likely undercuts 4500 ahead of possible low this week

MARKETS HAVE ENTERED A WINDOW FOR A POTENTIAL LOW.  THIS COULD TAKE PLACE TUES-THURSDAY INTO THURSDAY’S CPI REPORT.  US DOLLAR AND US TREASURY YIELDS  LOOK TO BE ON THE VERGE...

Fri July 28, 2023

BOJ move sparks JGB decline and China, Gold breakout

MARKETS HAVE ENTERED A WINDOW FOR POTENTIAL SHORT-TERM TREND CHANGE, BUT THURSDAY’S DECLINE FAILED TO RESULT IN ANY DOWNSIDE FOLLOW-THROUGH FOLLOWING THE BOJ DECISION.  NEAR-TERM, AN SPX-4500-4620 RANGE STILL LOOKS...

Wed July 26, 2023

Industrials and Banks save the day despite Tech weakness post FOMC

MARKETS HAVE ENTERED A WINDOW FOR POTENTIAL SHORT-TERM TREND CHANGE, BUT DO NOT EXPECT MUCH SELLING UNTIL AUGUST.  NEAR-TERM, AN SPX-4500-4620 RANGE MIGHT HOLD INTO LAST COUPLE DAYS OF JULY...

Wed July 26, 2023

Looking at 12 recent FOMC decisions, probabilities favor a rally of 1%-2% post July FOMC

Today at 2pm is when the Federal Reserve FOMC releases its rate decision and Fed Chair Powell holds the press conference. A +25bp hike is largely expected but that is...

Mon July 24, 2023

In 2023, Equities moved <1% (5D) in 4 of 4 FOMC meetings. July rate decision likely driving more sizable reaction, watch Nov FF futures odds of a hike.

Please click below to view yesterday’s Macro Minute (Duration: 5:33). https://vimeo. com/847852494/44daa31c44? share=copy There are 3 significant market events this week: (i) 3 of the FAANGs report this week; (ii) Wed is...