The above chart was provided by Gary Morrow, a solid technician who writes with a few other guys at “This Week on Wall Street” (http://thisweekonwallstreet.com/). The significance of the above chart will be addressed shortly. The 10-year Treasury yield … Continued
Looking at all the data this past week, the metric that jumped out was the 15 basis point climb in the 10-year Treasury yield from 2.85% to 3% even as CPI came in softer-than-expected. Thomson had Oracle reporting this past … Continued
The first look at Q2 ’18 GDP will be Friday morning, July 27th, 2018 and expectations have risen sharply throughout the quarter. Some think Q2 ’18 GDP could hit 4% – 5%, but the prognosticators don’t really provide where the … Continued
Having lunch with a client yesterday in downtown Chicago, the discussion around the market was how today’s SP 500 action is nothing like the 1990’s. Bespoke noted this week that Tech’s market cap weighting within the SP 500 is 26% … Continued
(The Weekly Earnings Update will be delayed this coming weekend – it likely wont hit your inbox until Sunday night, July 15th or Monday morning, July 16th, 2018. Thanks for your patience.) The June payroll report last week showed that … Continued
Investing is about assessing probability and the performance of the Financial sector the last 5 months, (the XLF anyway) has been less than robust and is testing critical technical support. Bernie Schaeffer’s “Chart of the Week” (Schaeffer Investment … Continued
Europe is weak, China seems to be weakening, trade and tariff issues have suddenly made everyone nervous even though the dollar amounts seem to have been reduced so does that mean Treasuries are poised for a decent rally here ? … Continued
https://www.frbsf.org/education/publications/doctor-econ/2013/march/federal-reserve-interest-balances-reserves/ One article read this weekend – think it was from the CNBC app – noted that the surprise with this week’s FOMC announcement could be that that the Fed starts paying interest on member bank deposits ? I have … Continued
Two charts from two very good technical analysts: The first chart is from Gary Morrow, a hedge fund manager in San Luis Obispo, California. Gary is noting the key level on the TLT, which is $116.51 or … Continued
(The weekly SP 500 earnings update will be out early Sunday morning – the close in the 10-year Treasury yield on Friday, April 20th, could be a game changer and SP 500 earnings might take a back seat what is … Continued