Market Overview

“O, how shall summer’s honey breath hold out?” – William Shakespeare (Sonnet 65)When the stock market came into last week overbought technically on every time horizon, it was...

The Weekly Leading Index (WLI) of the Economic Cycle Research Institute (ECRI) is at 136.1, up from the previous week's 135.4. The WLI annualized growth indicator (WLIg) is unchanged at 4.4 (the...

There is a great deal of "hype" regarding aggressive market timing, with timing services often advertising overinflated gains attained by trading both bullish (long) positions and bearish (short)...

The strong US jobs gain reported on July 3 failed to instill any kind of traction for the greenback, which fell against all the major currencies over the past week. The only exception was sterling. It...

The Macro OutlookThe Container Store brings in da noise, brings in da funk “We thought our sluggish sales were all because of weather and calendar shifts in the fourth quarter…now...

Earlier this week I posted an article discussing signs of "market exuberance", which including a link to a Neil Irwin, NYT article entitled, "Welcome To The Everything Boom." The article is well...

Market Drivers for July 11 2014German Final CPI in lineUK Construction output surprisingly contractsNikkei -0.34% Europe 0.69%Oil $102/bblGold $1337/oz.Europe and Asia:EUR GE CPI .3% vs. 0.3%GBP UK...

Some basic suggestions for those who are seeking shelter from the coming storms of global financial crisis and recession. Reader Andy recently wrote: "I look forward to your blog each day but am still...

The dollar is little changed against the major currencies, with a slightly heavier tone. It is poised to finish the week in a similar manner. Within the trading ranges, the dollar has weakened...

Eurozone banking system in the spotlight again Once again, the health of the European banking system is in the spotlight, and what it reveals isn’t very pretty. Shares in Portugal’s...

Currencies EUR/USD: The pair is treading below the 50day and 100 day moving average on a 60 minute time frame. The next support is at 1.3557 and the next resistance is at 1.3714. USD/JPY: The pair is...

European markets are set to bounce back this morning after a massive sell off which was triggered yesterday on the back of the Portugal debt situation. “What ever it takes” do you remember...

On Wednesday, I covered target-date mutual funds, which automatically reduce their equity exposure as time progresses.Target-date funds are becoming very popular for retirement accounts, but their...

It was a bit of a trip down memory lane yesterday for market watchers. Not really since 2011 have headlines about European periphery banks and bond yields been around to get traders slightly nervous...