Investing’s Latest Magic Number

Posted on Sunday, November 4th, 2018

If you are looking for an answer as to why the market fell in October look no further than Jay Powell’s remarks in the first week of the month. On October 3rd Federal Reserve Chairman Jerome Powell said the central bank has a ways to go yet before it gets interest rates to where they are neither… read more.

A Wobble?

Posted on Sunday, October 28th, 2018

We thought that there could be more selling in store and, unfortunately, we were right. We saw that a break below the 200 DMA would set off the selling programs from quant funds and momentum players. The machines are still in charge here. It all seems quite calm and structured. In fact, the whole process… read more.

H.A.L.

Posted on Sunday, October 21st, 2018

Homebuilders and autos tend to lead in the late cycle period. They also tend to peak prior to the end of hiking cycle such as the one we are in. They have been taking it on the chin as Mercedes and BMW reported horrible numbers last week and the Homebuilders ETF is down 18% in… read more.