Market Overview

Humpty Dumpty sat on a wall,Humpty Dumpty had a great fall. All the king's horses and all the king's men Couldn't put Humpty together again. Brexit is a Bear Stearns moment, not a Lehman moment....

BREXIT! I have to admit, I did not believe it would happen. Rather, I did not believe it would be "allowed" to happen. In retrospect I believe the elites will look back and wish they had "Diebold"...

We definitely have an interesting day today. Although I was hoping for Brexit, I thought British were too scared of the Armageddon announced by Cameron and whole ‘Remain’ campaign to...

Wells Fargo (NYSE:WFC) recently announced a new mortgage product they are calling “A game changer in the industry.”According to the bank, this product is purported to facilitate the dream...

The Merriam-Webster online dictionary defines uncertain as “not definitely known.” Before Thursday, the existence of the EU, the second largest trading block on the planet, was a certainty...

Market movers ahead The UK's vote to leave the EU has sent shockwaves through the financial markets. The focus will now shift to how politicians and central banks react in the coming days. Given these...

There wasn’t anything new or surprising in the advance durable goods report. Shipments (ex transportation) were flat and orders were up 1% year-over-year (NSA). Capital goods (non-defense, ex...

Several readers are still wondering why the odds-makers and pollsters got it wrong so badly.Let’s recap. If the odds-makers made money, they got it correct. If they lost money, they got it...

Well, that was an interesting end to the week!Talk about a seismic shift in the world order. The markets are coming off a tumultuous day on Friday, in the wake of Britain’s decision to leave the...

Has the next Lehman Brothers moment arrived? Late Thursday night we learned that the British people had voted to leave the European Union, and this could be the “trigger event” that...

Negative interest rates have flipped our global financial system upside down. Investors are now paying governments to lend them money. And it seems no country is immune... Last week, Germany - the...

DOW – 610 = 17,400SPX – 75 = 2037NAS – 202 = 470710 Y – .17 = 1.57%OIL – 2.49 = 47.62GOLD + 59.30 = 1316.60Britain has voted to leave the European Union, forcing the...

Just a quick note, my Market Risk Indicator is warning today. As a result, the portfolio allocations are now as follows:Volatility Hedged portfolio: 50% long and 50% hedged with mid term volatility...

In my last blog, I outlined the trade that I had developed over the past week, the iron condor on SPX with the weekly options that expired today, the 2030/2040 put spreads and the 2130/2140 call...