Market Overview

It was a busy week of news in Master Limited Partnerships (MLPs). Although there were several earnings announcements, perhaps most notable was the disclosure of new investments by Berkshire Hathaway...

We think that it’s still too early to say whether Friday's price action was simply profit-taking ahead of the weekend, or the resumption of overall negative market sentiment. We think the...

The main driver of the investment climate is not so much the incremental economic data as the capital markets themselves. The market turmoil contributed to the tightening of financial conditions,...

The CFTC Commitment of Traders reporting week ending February 16 was short due to the US holiday. This may have contributed to the small adjustments to speculative positioning in the currency futures....

Generally, real interest rates are negatively correlated with the price of gold, i.e. rising interest rates adversely impact the yellow metal. For example, in the article entitled The Golden Dilemma,...

I read tea leaves which are constantly in motion. It not hard for me to paint a doom-and-gloom picture one week, and the next week say that everything is coming up roses. I do not fall in love with...

Over the past week all of my core market health indicators showed a slight improvement. It is somewhat disappointing that the indicators aren’t responding much to the strong rally and...

'Optimism is a happiness magnet. If you stay positive, good things and good people will be drawn to you.' Mary Lou Retton The world can be a downright difficult place, so much so one can be forgiven...

It was always a matter of when, not if, the financial markets would tell the Fed to stop raising interest rates. And it appears the message has been received: Fed’s Bullard speaks against...

How did the market perform this week? No extreme days of market breadth or volatility. That’s a positive. And the Dow Jones was off its lows of last week. However since January 12th it has yet...

Maybe after a couple generations the Japanese have finally had enough. Perhaps QQE was large enough so as to leave no doubt that not only did it fail, but that it was the same result registered time...

U.S. stocks finished the regular trading session in mixed fashion to wrap up a relatively positive week for equities across the globe. Crude oil prices were under pressure to weigh on the energy...

DOW – 40 = 16,413SPX – 8 = 1917NAS – 46 = 448710 Y – .06 = 1.76%OIL – .12 = 30.54GOLD + 22.30 = 1231.70After spending 2015 calling for rate hikes St. Louis Fed President...

The drop in U.S. Treasury yields continues. A little over a week ago, the yield on the 10-Year Treasury hit a three-year low of 1.57%. This week’s chart shows you what rate Uncle Sam has been...