Category: Uncategorized
The week that was: ‘The more things change, the more they stay the same’
— A meaningless rating cut by Fitch gives the market an excuse to take a rest — Media and Fed chatter try to bring the bulls back to earth — Should we worry? (An alternative answer) Fitch US Treasury debt downgrade gives market an excuse to rest tent of the As many of you already know Nikola Swann, analyst with…
CORRECTION—Bear market rally or next leg in a secular bull market”
March 10, 2000 the Nasdaq composite hit a then all-time-high of 5132.52. The closing subsequent low after the World Trade Center attack 9/11/2000 came in October of 2002 at 1108.49. I don’t see this time being as severe. By the same token I do see (Should read “do not”) the somewhat dubious rallies in Meta (beating…
Are The Sellers Exhausted?
— When has being a seller into a well-anticipated event with negative implications for the market ever made any sense? — We have had 42 days full of hand-wringing and negative media to contemplate the July 27 Fed meeting … a for me the market has priced this in. — After all the higher rates, inflation, recession talk and extremely…
CORRECTION — to previous post, “Fed Governors weigh in …”
Mr Waller is a current governor on the Federal Reserve Board. Mr. Bullard is the Current President of the St.Louis Fed. He is a voting member of the FOMC. The earlier version of my post was incorrect and stating that they were both governors.
We and the markets are in for a dark period … NOT!
—”Double Dip–High Covid-19 infection rates and fresh restrictions imposed by governments have taken their toll oneconomic activity over recent months” (WSJ -1/22/21) —“.CNBC: Fauci: New data shows Covid vaccines may be less effective against some new strains” “It’s deja vu all over again” — Yogi Berra What’s old is new again Last week the market…
The Mob and The Market
–Unthinkable events … the market sails right through –Balancing changing politics, insurrection and asset allocation –Potential flies in the ointment—Interest Rates, Taxes and Inflation –The VIX provides a clue on market sentiment and direction Protest, insurrection and the market What is depicted in my opening image is civil disobedience, rightful protest to redress grievances. What…
The Death of Oil
Energy stocks have taken a beating the last few weeks Concerns about a worldwide resurgence of Covid 19 have raised the specter of declining economic activity and the negative potential impact on oil demand Longer-term two news items last month, one from the governor of California and one from China, probably pushed the sentiment surrounding…
” … Corona virus to ‘paralyze China,’ don’t buy the dips” — a wannabe epidemiologist
— This grave assessment is not my own but that of Mohamed El-Erian, Allianz chief economic advisor and ex-Pimco CEO. — From the point of view of the media source it emanated from, CNBC, it is a great headline … wonderful click bait — Should it be part of your decision process? Is El-Erian credible?…
“Bull markets often end with a euphoric rally called a ‘blow-off top.’ We may have just had one”
Another ‘OMG’ moment from the financial media They must be doing this on purpose (click bait) because no serious observer of the markets could even come close to calling the market’s action over the past few weeks a blow-off top. However, CNBC found themselves an analyst (a serious observer) who would make that assertion, Ned…