As noted last week, the markets will likely rally into the Fourth of July. Most “analysts” will view this as a sign that the initial drop down from two weeks…
Today should be the peak of end of the quarter performance gaming. Stocks have rallied hard for three days. The financial media has seen this as indicating the worst is…
The biggest single most important item in the GDP report yesterday was the collapse in disposable income for Americans. Most investors will focus on the drop in GDP growth for…
The markets continue their dead cat bounce while the economic data worsens. First quarter US GDP was revised down from an annual rate of 2.4% to 1.8%. The drop was…
The global Central Banks are in damage control mode. The big story here is China, which is fast approaching its “Lehman” moment with interbank liquidity drying up rapidly and overnight…
The markets are beginning what could in fact be an epic meltdown. China is on the verge of a “Lehman” moment as its shadow banking system implodes. China had pumped…
The technical damage from yesterday’s bloodbath was severe. Spain, which lead the “Europe is saved” party from the lows last year has just taken out its trendline. So much for…
The QE Infinite parade officially ended yesterday when Bernanke hinted at tapering QE later this year or in mid-2014. I first warned Private Wealth Advisory subscribers about this in mid-May…
The Fed will announce its moves today at 2PM. There’s really no telling what will happen. The markets have become truly schizophrenic. For instance, stocks continue to rally as though…
The big question on every investors’ lips today and tomorrow is: “will the Fed announce or hint at tapering QE?” Over the last two years, one of the biggest tools…
The markets are rallying today because Bernanke and the Fed meet on Wednesday and will announce their new policies (if any). Someone might want to explain to them that the…
The markets in the US have entered a mania in which investors look for any and all excuses to push the markets higher. Case in point, yesterday Japan’s Nikkei fell…
Japan continues to implode. We’ve now taken out the trendline that supported this rally since November. Not a pretty chart. Certainly not a pretty chart for Central Bankers, who believe…
The Wall Street Journal ran an interesting article yesterday. It was about the ECB’s Outright Monetary Transactions or OMT program… the “unlimited” bond buying program the ECB announced last September…
Few analysts know or admit it, but the only thing that held Europe (and ultimately the financial system) together since May 2012 was the promise of unlimited bond purchases from…
“Somebody” moved in to support stocks last week on Thursday. The 50-DMA has become the “line in the sand” on the S&P 500. Anytime the market has come close to…
Anyone looking for clues as to what’s coming our way in the markets need only look to Japan where the QE forever policy has finally hit the wall. Prior to…
More bad economic data was spilled yesterday. According to the Bureau of Labor Statistics or BLS, we had a 3.8% decline in hourly compensation in the first quarter of 2013. …
Stocks are on borrowed time. The single item that has driven stock prices over the last four plus years (since the 2008 Crash) has been the Fed’s expansion of its…
As warned previously on these pages, the US is in a recession… again. The latest ISM reading came in at 49. Any reading below 50 is considered recessionary. And an…
