Good News is Bad News?
It is that time again, the Labor Report and the health of the job market. Last month the dismal numbers were the nail in the coffin for any hope the Fed would raise rates in October. This morning was...
View ArticleRetail Concerns
Is the market losing steam after the recent run? The market will turn its attention on the holiday sales, Black-Friday, and Cyber Monday. However, lurking behind the excitement and expectations of the...
View ArticleFed Reliance
I hope everyone had an excellent Thanksgiving and enjoyed their holiday shopping. The market has been moving in fits and starts. The data has certainly been mixed, from weak holiday sales and the...
View ArticleEurope offers breathing room?
While I have been adamant that the Fed will NOT raise rates in December, one thing has changed my mind as it comes back to my CORE focus on the dollar and dis-inflationary pressure. We must remember at...
View ArticleUncertainty?
I was speaking with a well-respected leader in the financial community discussing the market. She made an astute observation; “We can deal with bad news and we can deal with good news, what we can’t...
View ArticleJobs Victory?
Fridays Labor Report showed strong growth in the job market, enough so that President Obama was able to take a victory lap. Yet if one peers behind the headline number curtain, we see that the type of...
View ArticlePrimaries and the Fed
This week should be pivotal for the markets. We have another “Super Tuesday” that could be the decider for both the GOP and Democrat primaries, which will certainly drive some volatility (depending on...
View ArticleFed Rally!
As expected if the Fed decided to halt rate hikes and take a more dovish stance, the dollar would weaken and the equity, bond, and commodity markets would rally. However, we must take a step back and...
View ArticleQuarter End
The quarter end is traditionally a time when the financial world reports their returns, makes forecasts for the next quarter, and of course the unspoken game of “marking”, which my colleagues will not...
View ArticleA Fed Game
The confluence between the Fed and economic data will ultimately drive Fed monetary policy. It is important to remember that one must not cherry pick the data nor just look at the headline data....
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