Price Weakness

Price Weakness

OVERVIEW   All three major U.S. stock indices fell more than 2% last week as the S&P 500 and the Nasdaq recorded their third consecutive weekly declines. Small-cap stocks performed even worse, dropping around 3.4% for the week. Even foreign stocks were under...
Intimidation

Intimidation

  James Carville has a famous quote about the bond market. It goes, “I used to think that if there was reincarnation, I wanted to come back as the President, or the Pope, or as a .400 baseball hitter. But now, I would want to come back as the bond market. You can...
So Far, So Good

So Far, So Good

  This week’s indicator is called the Global Recession Probability Model. It uses a statistical technique called “logistic regression” to identify when global economic growth might slow down, with the probability ranging from 0% to 100%. We talked about this...