Bulls, Bears Likely Lock Horns Around 2600 On S&P 500 Next

It is probably not coincidental that US stocks and Treasury yields peaked together early October.  The 10-year rate is right near support and has room to rally near term.  This should bode well for equity bulls who last week put … Continued

Bulls Have More To Worry Long-Term Than If August Lows Hold

posted in: Economy, Equities, Technicals | 0

With all the hand-wringing over whether or not the August lows will hold, this is the least of bulls’ worries.  Bigger challenges probably lie ahead. Of the big four – the S&P 500 index, the Dow Industrials, the Nasdaq composite, … Continued

Bulls And Bears Duel In Uncharted Territory

posted in: Credit, Economy, Equities | 0

We are in uncharted territory!  On so many levels.  As you will see in the charts below, many valuation metrics are stretched. The nation’s debt load just rose to a new high.  At 1Q15, the total credit market debt outstanding … Continued

No rate hike in foreseeable future

posted in: Credit, Currency, Economy | 0

Fed gets rid of “patient”, but hints it will be patient in hiking rates Surging dollar impacts exports; Fed takes 2015 GDP forecast down a notch With economic data increasingly coming in weak, rate-hike odds this year next to nil  … Continued