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Back to square one. Last week was not necessarily one for the record books but it was certainly one fraught with lots of extreme movement for very little return. The major equity indices all ended the week roughly unchanged as the Dow Jones managed a small gain on Friday while the other indices...

Stormy weather! “Don’t know why there is no sun up in the sky”… declares the 1933 song and many stock investors in yesterday’s session. The rout in equities can be attributed to a number of stimuli including weak markets in Asia, Mnuchin backing out of the big Saudi Investment conference, interest...

Hawk squawk. There is an old Wall Street line (yes we have many of them) that says “don’t fight the Fed”. What it means is that if the Federal Reserve is easing rates, bonds and eventually stocks will rally. It is worth stating the obvious that if the Fed is tightening credit (aka pressing on the...

Shake, rattle, and roll… and bounce. I am not sure that Bill Haley and the Comets would approve of the lyric appropriation but the equity market bulls were certainly dancing to the beat as all of the major indexes soared in yesterday’s session. The oversold conditions combined with a strong JOLTS...

Not so fast. Stocks were unable to sustain Friday’s bounce with 3 of the major indices closing lower in yesterday’s session. The S&P500 attempted to hold on to gains but was unable to and ultimately closed down on the session. The index closed below its 200 day simple moving average after having...

Ricochet markets. Equity markets stabilized and put in a solid session of gains on Friday after 2 difficult sessions mid week. Though the gains were welcomed, equity indices were still down on the week. Friday's bounce was led initially by some positive earnings from big banks prior to the opening...

The heat is on! It was another tough day for… everything except gold and bonds. And that sentence should paint the big picture of fear selling. Gold has always historically been the ultimate safe haven when risk assets are under siege. More recently, gold has lost its luster as a safety trade with...