Market Overview

Eve of Referendum Polls Split On the eve of the referendum, Greek voters are undecided how to vote. If one believes the polls, it's essentially a dead heat with 43% 'no', 42.5% 'yes' and the rest...

30% Bail-In Haircuts Coming Up I warned countless times over the last six months that Greek citizens need to pull their deposits before it was too late. Today I report it's too late. 30% bail-in...

Greece RoundupA "yes" vote in favor of servitude has now reached a slight majority according to some Greece referendum polls. How accurate the polls are is an issue. Yanis Varoufakis, Greece’s...

Last week’s review of the macro market indicators suggested, heading into the holiday shortened week that the equity markets looked better on the longer timeframe with some vulnerability on the...

If you’re like most Americans, your medicine cabinet is filled with drugs that treat high blood pressure, pain and high cholesterol. (Better watch those hot dogs and chips during today’s...

As we enjoy a holiday weekend here in the U.S., here are some passing thoughts on the first half just in and the second half that has just begun.The S&P and Dow Jones indices fell during the...

It certainly is a good time for the $800-billion U.S. chemicals industry.According to the American Chemistry Council (ACC), U.S. chemical production will continue to expand this year and next. The ACC...

This was a decision that I really struggled with all day on Thursday.I came into the day 30% short, which included positions Marriott (NASDAQ:MAR) and Jarden (NYSE:JAH), and long position in ARCA:SDS...

The Week That Was…All eyes were on Greece this week with a will they won’t they back and forth on the proposed debt deals. Tuesday came and went and Greece officially went into default on...

The U.S. Energy Information Agency (EIA) produces a wealth of information on a wide range of energy-related issues. It’s interesting to look at some charts over a longer perspective to see how...

Official recession calls are the responsibility of the NBER Business Cycle Dating Committee, which is understandably vague about the specific indicators on which they base their decisions. This...

Here is a summary of the four market valuation indicators we update on a monthly basis.The Crestmont Research P/E Ratio (more) The cyclical P/E ratio using the trailing 10-year earnings as the divisor...

Note: We've updated this commentary to include the latest labor force data in Thursday's employment report.Every week we post an update on new unemployment claims shortly after the BLS report is made...

Thursday's release of the publicly available data from ECRI (Economic Cycle Research Institute) puts its Weekly Leading Index (WLI) at 133.4, down from 134.0 the previous week. The WLI annualized...