Where is Santa?

Posted on Sunday, December 9th, 2018

Markets have grown so jittery that they seem devoid of any connection to reality. In NYSE trading floor lexicon the current market action is known as getting “whipsawed”. Markets move higher and you buy. After you buy markets mover lower and you sell. Rinse. Repeat. Very frustrating and a big money loser. What is going… read more.

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.