equities

In contrast to the last month, it was a good day for the markets today. So I want to do a mini-recap. All eyes on Apple First up: Apple is slated to report tomorrow afternoon after the closing bell. Expectations for their earnings report…

Flight to liquidity reminiscent of January and February As the equities market sells off, it's worth noting how much the sovereign bond market is rallying at the same time. I am seeing the 10-year US Treasury bond quoted at 3.079%, well…

Some thoughts on the recent market selloff As I write these words, the Dow Jones Industrial Average is up nearly 400 points, about 1.85%. The Nasdaq is up even more. Does that mean the market rout is over? No. But, for me, it does suggest a…

This is how Fed tightening regimes work We're bracing for another big sell off in equities today. I don't know if you saw my piece yesterday on market groups breaking below 50- and 200-day daily moving averages. I said "I don’t have a view…

Shares are down today as the FANG stocks retreat due to investor concern about growth companies in a period of rising rates. This is only a one-day impact though. The question is whether the caution regarding riskier assets will endure. No…

The upward momentum for US stocks has broken. The S&P 500 closed below it's 200-day moving average for the first time since March 2016. Chief among the factors causing alarm was China's decision to retaliate against US tariffs. More…

First, the recent post-Facebook scandal market volatility has seen Amazon, Apple, Netflix and Google follow Facebook down. Second, Donald Trump is acting more boldly and more aggressively now on his economic agenda, on trade and on foreign…

In his most recent interview, Jeffrey Gundlach says he sees stocks down for the year. He also outlines at what point he sees a bond bear market. Most ominously, however, he describes the Fed as being on autopilot, with this driving the…

The Fed as the monopoly supply of reserves can and will push the market until it cries uncle. Powell's testimony before Congress is the Fed Chairman's first warning shot. Caveat emptor.

The Federal Reserve has to be concerned about financial stability. When the credit markets become an integral facet sustaining asset markets, markets and the economy become interwoven in a bad way