Still Believe in Santa?

Posted on Monday, December 3rd, 2018

Jay Powell from the FOMC made the biggest headlines last week as he walked back hawkish comments from October 3rd that started the stock downdraft. We thought he might. Here is what we said the week prior. Fed officials may try to walk back hawkish comments and markets may rally on those comments but as… read more.

Shrinkage

Posted on Monday, November 26th, 2018

The S&P 500 lost 3.5% on the week. (So much for the bulls having the ball.) During shortened holiday weeks the bulls tend to have the upper hand. We pay attention to seasonality issues a bunch but the signals are strongest when the seasonality patterns do not hold. A nasty 3.5% drop when the bulls… read more.

Headed for The Junk Pile

Posted on Sunday, November 18th, 2018

We said last week that the latest FOMC statement and inflation numbers had the Feds firmly on track to continue raising rates. Well, the thrill a minute rollercoaster ride continues as Jay Powell was out making statements this week that are leading us to think that he is getting a bit gun shy. Perhaps, GE’s… read more.