Market Overview

Janet Yellen has quipped that the Fed’s balance-sheet reduction program, which will start at $10B/month in October-2017 and steadily ramp up to $50B/month over the ensuing 12 months, will be as...

This video looks at the reasons for bull markets to often end in parabolic blow-offs, and reveals how the sentiment data can be used to identify these conditions in advance.Below you find the video

Merkel is Queen of the Ball but her dancing partners will change. Rather that waltz with the SPD, she may have to first give other suitors a chance. The FDP is her natural partner, and the Greens may...

by Pinchas CohenThe Week That WasFed: Predictable, Unpredictable The most highly anticipated event of the month, the Fed policy meeting this past Wednesday, played out as expected. However, it ushers...

The Dow Jones made seven new BEV Zeros (new all-time highs) in the past two weeks; it can’t make a decent correction if it continues doing that. And that’s one thing this market needs to...

VIX took another week to complete its corrective decline with a low at 9.53 this week. It is beneath all technical supports and must rise above its Intermediate-term resistance at 10.91 for a buy...

More than 4,400 ETFs are currently available globally, and more than one million indices are calculated daily—“a dizzying range of asset classes, strategies and exposures.” In Beyond...

Adventures in depravity are nearly always confronted with the unpleasant reality that stopping the degeneracy is much more difficult than starting it. This realization, and the unsettling feeling that...

Stocks (SPX):Cycle Status/Outlook: S&P 500 is in a Wave 5 topping pattern out of the 2009 low (note that the 2016 low was a Wave 4 low and we are now in Wave 5). I am looking for a Intermediate...

from my colleague Dr. Win Thin ·S&P cut China's credit rating by a notch to A+ with stable outlook ·In a follow-up move, S&P also cut Hong Kong’s rating by a notch to AA+...

The Fed's plan to normalize its balance sheet will begin to be put in place from next month. This is passive QT or Quantitative Tightening - call it QT1 if you want... the opposite of quantitative...

Last week's developments will continue to shape the investment climate in the week ahead, and at the same time, new inflation readings from the US, EMU, and Japan will add incrementally to investors'...

Market Movers ahead We expect good news for the ECB in the form of higher inflation and money supply growth. However, inflation is likely to decline again in coming months. Germany is due to hold a...

Risk premiums across asset classes are currently at pre-Lehman Brothers lows.High GDP growth relative to short-term interest rates supports low risk premiums. As US interest rates rise towards the...