Fighting the Fed

Fighting the Fed

  This week’s chart features two extremely important interest rates for the U.S. economy: the 10-year Treasury rate and the fed funds rate. The 10-year Treasury rate is a longer-term rate that the U.S. government charges on the money it borrows for ten years. By...
Beta is the New Alpha

Beta is the New Alpha

  Relative strength is a powerful tool used to model stock market risk. It measures the performance of a security or group of securities to another group of securities to determine outperformance. For example, we like to look at the relative strength of low and...
Rejected

Rejected

OVERVIEW   The U.S. stock market stumbled last week as volatility came rushing back to Wall Street. The S&P 500 Index slipped 3.4%, the Dow Jones Industrial Average fell 2.8%, and the Nasdaq Composite dropped 4%. Foreign stocks, however, were mixed. The MSCI...
Feels Longer Than It Is

Feels Longer Than It Is

  The S&P 500 Index is a popular stock market index often used to measure the overall health of the U.S. stock market. One way to gauge the strength of the market is to look at the number of days the index spends below its prior high. As I’ve pointed out on...