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Michael Kramer

  • Analysis & Comment

Michael Kramer's Comment & Analysis
A complete archive of Michael Kramer's articles, including current analysis & comment - Page 7

Sharp rally has pushed the S&P back into overbought territory Earnings estimates for the index are now declining A return to the historical average PE would value the S&P 500 at 3,950 Stocks have...
Starting Friday, everything changes in the market with Powell’s big Jackson Hole speech, possibly laying out the path for monetary policy for the next 6 to 9 months. I would expect that Powell...
The dollar has strengthened materially in 2022 Recently, China’s economy has gone through a significant slowdown This has resulted in the US dollar strengthening against the Chinese yuan The US...
The market fell right out of the gate yesterday as rates surged around the globe, following hotter-than-expected CPI data in the UK. The US retail sales number added to the already surging rates...
Stocks finished slightly higher yesterday after giving up some decent size gains. The S&P 500 traded as high as 4,325 to come within 1 point of the 200-day moving average; it must have triggered...
Markets moved a bit higher yesterday, with the S&P 500 closing the gap at 4,300. The RSI is now beyond 72 and is very overbought. With the gap filled, resistance should be strong here. This has...
Stocks rallied last Friday, with the S&P 500 finishing higher by 1.7% to close around 4,280. At this point, the index has risen into overbought territory with an RSI now 71 and at the upper end of...
Stocks moved lower yesterday, despite moving sharply higher to start. The PPI reading came in weaker than expected. Stocks initially rallied on the news, and yields fell. But once the market settled...
So much for the Cleveland Fed and their CPI projection. figures, I have been following the thing for months, and the one time I publically discuss it, everything falls apart. It must be my bad...
The S&P 500 finished lower yesterday by around 40 bps, with the index finding support multiple times around the 4,110 to 4,115 levels. The index also managed to close below the lower end of the...