Playing Catch Up?

Playing Catch Up?

  Will the Fed raise interest rates this month? It’s the big question on Wall Street right now. The Fed cut rates three times last fall and has held steady ever since. But this morning’s jobs report came in much stronger than expected, and the odds of a rate hike...
Sold Out

Sold Out

  With second-quarter earnings season just about wrapped up, I want to use this week’s indicator to look at something a little different than earnings: sales. Why sales? Because earnings can be shaped by all sorts of things—cost cutting, buybacks, accounting...
Trends Matter Most

Trends Matter Most

OVERVIEW   Markets moved higher last week, with all three major U.S. indexes finishing in positive territory. The S&P 500 gained 0.49%, the Dow Jones Industrial Average rose 0.53%, and the NASDAQ advanced 0.85%. Year to date, the major indexes remain firmly...
The Market Isn’t as Tight as It Looks

The Market Isn’t as Tight as It Looks

  There’s no doubt about it: interest rates are high compared with what we became accustomed to over the past decade or more. It’s pretty clear that the Federal Reserve is no longer in “easy mode.” But that doesn’t necessarily mean financial conditions are tight...
Spreads Speak

Spreads Speak

  For this week’s indicator, I want to talk about market leadership. We tend to think about the stock market as one big thing. Either stocks are going up or stocks are going down. But underneath the surface, there is almost always a battle taking place between...