What's Left to Buy?

Stocks closed the week at all time highs. The S&P settled outside of the expected move by a few points for the first time since early February. Watch this weekend's special edition video market update as we compare the major sectors of the market to find out what has been powering the overall market forward.…

Stocks Up Dollar Down

Looking at the major stock market indexes it looks like the market has not cared that the U.S. macro surprise index has been negative while the European macro surprise index soars. Looking in more detail, there has been an underlying trend in markets which reflects the economic shift. The Russell 2000, which consists of firms…

The Unwind Policy Gets More Detailed

The Fed’s Minutes surprised many as it gave details about the balance sheet unwind. It was a smart idea to give some of the details since the FOMC has come to an agreement on the policy. Janet Yellen will have a press conference after the June meeting. Journalists and bankers can digest the new policy…

How Melt-Up Rallies Transition

The Nasdaq & S&P rally to new highs today on the back of a few stocks. In tonight's video we review the smart way to digest a runaway rally and what's the plan going forward...

Stocks Have Become Bonds & Vice Versa?

The desire for yield seems to have caused an increase in the percentage of loans which are covenant lite. One of the biggest bubbles in this economy is in junk debt as the need for yield and the length of time since the last recession has made junk bonds highly coveted. The chart below shows…

Is This Market Cycle Different?

I think the best description of this current cycle is ‘this time is different.’ I’m not implying that the stock market will rally indefinitely and that a recession will never happen. I’m saying that most of the indicators I look at which have had a great track record have been wrong. The most pivotal one…

Catastrophic Risks Exposed in Your ETF Products

Stocks grind higher after the FOMC minutes. S&P nearly touches the all time high and the Nasdaq went through it. In tonight's video we home in on the ETF market. As market volume has never before been so concentrated on only a handful of ETF products here are the risks you need to be aware…

Housing And Auto Sales Have Peaked

This article will review the latest economic data. The chart below shows the latest seasonally adjusted annual rate of sales for lightweight vehicles and new homes. New home sales peaked in March at 642,000 and auto sales peaked in December 2016 at 18.3 million. April new home sales are down 11.4% from the peak and…

Bonds For Capital Gains & Stocks For Income?

The stock market has returned to where it has been this year as the VIX has gone back to below its median. The VIX is back below 11 and the S&P 500 is near its all-time high. Looking at the interplay between stocks and bonds, the bond market has undergone a seismic shift while the…

Mind the Gap on the S&P?

Stocks end the day slightly higher finishing off closing the gap in the major indices. In tonight's video we review the most recent gaps and the likely scenarios for the market from here. What's the good news and the bad news for the market right now...

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