The economy is finishing its eleventh year of continuous expansion with virtually full employment, no overheating and excellent levels of consumer spending and optimism. Stocks often move months in advance of earnings and GDP trends and currently appears priced for perfection and better growth ahead. The benchmark SP 500 Index…
01-24-20 We have talked frequently of a Jan’ 24th top (today) & with stocks and especially commodities like Oil and Copper falling hard, it appears our inflection date is a notable trading top. Stocks & commodities are selling off today on fears of a pandemic or slowing China/Globe due to Coronavirus….
Meltups and running stock markets refer to euphoric periods when equity prices rise rapidly and continuously without corrections. It’s a time when stocks can rise on negative news and technical indicators can remain overbought for an extended duration with less volatility. Classic longer term examples of this during our record decade plus…
01-11-20 Awaiting Jan 15th China trade signing & 24th inflection date & clues of falling $ & rising Ags to confirm global turnaround & Bull move in commodities – not yet. Feeder Cattle could be breaking out here, but Hogs (needed by China) remain weak. : 96 on Dollar is…
01-06-20 Signs of a Dollar fall & commodity up cycle await confirmation of Chinese Buying post Jan’ 15th Trade Deal signing. This positive is at risk of a detour if Iranian proxies strike US targets in mid-East. Such a strike may trigger Trump to attack Iran directly vs a shadowy…
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