My favorite stock market signal issues a warning...
Since mid-March, stock indices have rallied on the back of FED-intervention to be (once again) positive for the year.
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Weekly Macros - June 7th, 2020
Stocks had another strong week after a better than expected unemployment report.
Weekly Macros - May 31st, 2020
Stocks finished the week strong on the back of Trump comments Friday afternoon.
Weekly Macros - May 24th, 2020
Stock futures opened higher Monday on hopes of a Coronavirus vaccine.
Weekly Macros - May 17th, 2020
Last week saw ugly selling in the stock market while many states allowed restaurants, businesses, and retail stores to reopen.
Weekly Macros - May 10th, 2020
Markets continue their pandemic-defying rally as brokerages confirm hundreds of thousands of new accounts have been opened
Weekly Macros - May 3rd, 2020
Stocks looked heavy late in the week as GDP numbers and FED comments weighed on investors.
Weekly Macros - April 26th, 2020
Stocks held their ground last week as investors weighed weak earnings from heavyweights like Netflix & IBM and Congress's agreement to allocate additional funds to the Paycheck Protection Program. While the rally in stocks have many pundits calling for a return to all-time-highs - crude oil may be telling a different story. Being the only market not 'under FED influence' it can be a sign of the true economic carnage going on. After doing what many thought could never happen -
3 (damn good) Reasons Not to Trust this Market Rally
The S&P 500 has recovered over half of the down-move from February's highs and continues to rally on bad news.
Weekly Macros - April 12, 2020
Macro News From Last Week: Equities rebounded strongly as the Federal Reserve fired a bazooka, announcing they would be buying junk bonds, offering a reprieve to U.S. energy companies. Junk bonds are the underpinning of most energy & oil-producer's debt. Logic would suggest Uncle Sam is stepping in to maintain energy production independence. OPEC & its oil-producing allies have agreed to a 9.7M barrel / day production cut commencing May 1st and extending through June. On Marc