Our intraday outlook is bearish, and our short-term outlook is bearish. Our medium-term outlook remains neutral, following S&P 500 index breakout above last year’s all-time high: Intraday ou...
As we’ve noted time and time again, the fact that average national housing prices appear to have recovered from the peak of the housing bubble masks the uneven nature of America’s economic rec...
Who has the wealth of wealthy stockholders? The question seems absurd: the stockholders have it, of course. But I’m not asking who owns the stock; I’m asking who has the wealth? There is a ...
I was mad at myself for not exiting my long Eurostoxx position into Barron’s bullish cover article (Too Busy Patting Myself on the Back). At that point, we had hit maximum European enthusiasm, and ...
Well, a full week is upon us, and we enter a period in which we don’t have any damned holidays to interrupt our trading until September rolls around. Looking at the ES, the topping formation is s...
Believe it or not the globe is headed for an oil shortage. I know many find that hard to believe, especially in this shale crazed world where there is the belief that shale oil will fill all voids, ev...
EUR/USD The EUR/USD pair spent most of the day on Friday chopping around as the job numbers came out of America, much better than expected. We did bounce from below the 1.14 handle, so that’s a very...
The credit market has largely ignored the sovereign yield back-up. If the great crack-up is here, you’re going to need to see it in credit, too. Stay tuned That’s from former FX trader Richard ...
OVERNIGHT MARKETS AND NEWS Sep E-mini S&Ps (ESU17 +0.02%) this morning are up +0.12% and European stocks are up +0.42%. Strength in technology stocks is leading the overall market higher with Adva...