Blog

A Few Quick Charts

Just a quick note this week as the summertime activities take up more of my time on the weekends. I think everyone is playing catch-up from the COVID summer of 2020 right now. On Wall Street, the economic data is following expectations after a global pandemic – getting better but not totally normal. The only […]

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S&P 500 Futures

Oversold to Overbought

The S&P 500 had its best weekly performance since February (+2%). As I mentioned in last weeks post (Another Fed Hiccup), the S&P was near a bottom after selling off in reaction to the Fed’s latest policy decision mid-month. The rebound continued into the close on Friday and demonstrates the strength of the market amid […]

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10Yr Yield Curves

Another Fed Hiccup

The Federal Reserve met on Wednesday and hinted that interest rate rises may happen sooner than expected. The time frame they projected was a 2023 increase but we all know there is no need to wait that long. You would have expected that bond yields would rise in reaction to this news but as you […]

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10Yr U.S. Treasury Yield Curves

Bond Market Signals

The price action in bonds took an interesting turn this week as yields dropped into a CPI print that showed rising inflation. Expectations were that bond yields would rise on a higher than expected number (which we got) so the drop was a surprise to many. As you can see below, yields rose dramatically starting […]

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S&P 500 Futures

Almost There

Almost there as the S&P 500 looks to be finishing a consolidation period that began in early April. These periods of sideways price action typically foreshadow higher prices and we may have had a good start on Friday. A close above the previous high at 4240 next week will likely kick-off another leg higher and […]

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S&P 500 Futures

Consolidation

Consolidation is what happens when stocks ‘take a break’ before their next move higher and the S&P 500 below has been doing that since early April. The technicals are pointed higher longer-term but there may be one more push lower next week before we close out the month. If you examine the chart below you […]

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10Yr & 30Yr Yield Curves

Inflation Rising

Inflation rising was the theme this week in the markets as CPI & PPI data (see more below) rose sharply indicating inflation is in the pipeline. As the economy emerges from the pandemic not everything is opening at the same pace. This choppy opening means there are shortages and price spikes as demand and supply […]

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S&P 500 Futures

Help Wanted

The help wanted signs are out all over the country as businesses are having difficulty finding workers as the U.S. economy re-opens. The government assistance programs established in the pandemic are responsible as they compensate workers the same as when they were employed. These programs were needed when the pandemic shut-down the economy, however, businesses […]

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S&P 500 Futures

May Day

May Day, the ancient festival of Spring is finally here and so are the first months of emerging from the stifling nature of living through a pandemic. The heart of earnings season began this past week and so far companies are profitable but are signaling that higher inflation is in the pipeline and there are […]

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S&P 500 Index

Trending

Trending right along this week into earnings reports. So far so good and the only hiccup was that the Biden administrated proposed a doubling of capital gains taxes which caused the S&P to plummet mid-day on Thursday. However, you can barely see it on the chart below as the market is trending higher out of […]

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