Market Overview

We just got our January 2019 moment: the Powell dovish pivot is here.Contrary to popular belief, a dovish pivot doesn’t mean the Fed is already cutting rates. Instead, it means the necessary...

A month ago the trend in global markets remained bullish despite the fallout from a correction that started mid-summer, based on several sets of ETF pairs. Following yesterday’s upbeat...

Instead of holding their cards back, the Fed decided to go all in today and show their hand. I don’t play poker anymore, but the only time I would go all in in Texas Hold’em was when I...

U.S. stocks are in rally mode as we enter the final weeks of 2023. With the final CPI report of the year out of the way, the market’s focus is now fixated solely on the Federal Reserve...

Late November, see here, we were based on the Elliott Wave Principle (EWP) looking for the Nasdaq 100 to put in a local top, drop to ideally $15,750, while holding above $15,738 on a daily closing...

In October, the markets were down 10% from the July high, bond yields were touching 5%, and talk of a coming recession was rampant. What happened?Interestingly, a Wall Street axiom says, “Sell...

This week will be the capstone of 2023 because whatever happens this week will be a send-off message as 2024 approaches.This week will feature CPI, PPI, and retail sales on the economic front. A 3,10,...

Next week will be the busiest week of the month for the markets. Here's my December 2023 preview for dollar, forex, stocks and more!

The “American Dream” is dead.It would certainly seem to be the case if you believe surveys like Gallup that showed nearly 50% of the younger generation favor socialism over capitalism. To...

The Fed last raised rates in July and we think that marked the peak. There is growing evidence that tight monetary policy and restrictive credit conditions are having the desired effect on depressing...

Investors should brace for more volatility next week as the stock market faces a pair of significant market-moving risk events. U.S. CPI inflation data and the Federal Reserve’s final policy...

Late last year, I was asked on a podcast what one fear I had for 2023 that was out-of-consensus and not expected by markets, but a non-zero probability which if it came to pass would have a huge...

Stocks finished lower as risk-off seemed to be a theme yesterday, with oil prices slumping below $70. Oil has been a harbinger of all things these days, and the best thing that can happen with oil, at...

The US was supposed to be in recession by now, according to numerous forecasts from early in 2023. But the bearish forecasts have fallen flat as output has remained positive. GDP surged in the third...