Market Overview

The three-month average of the Chicago Fed National Activity Index (CFNAI) is expected to rise incrementally to +0.20 in today’s update for May, according to The Capital Spectator’s...

The market chose indecision.I do have to raise my hand to admit that the indecision was a little more profound than I had anticipated, so much so that it has raised an element of doubt. However,...

There are several events in the week ahead, in the addition to the World Cup, that will attract market attention. These events will take place within a general consensus of the outlook for monetary...

I have been fairly negative on the prospects for residential construction - this negativity was partially caused by the slowdown in existing home sales. Existing and new homes sales historically...

VIX tested weekly mid-Cycle resistance at 15.34 before falling back toward the lows. A Minor Wave 2 low may have been put in. There is still a sense of complacency among investors that may be...

Chart 1: Global markets show no signs of oversold conditions anywhere From time to time I like to look at global macro asset Overbought vs Oversold conditions by checking weekly RSI readings....

Canadian CPI data surprises market and BoC USDCAD support crumbles Strange bedfellows in the Middle East The Bank of Canada (BoC) appears to have been caught napping with its inflation forecasts...

As a follow-up on some collaboration with Mike Shedlock in advance of his recent commentary on wages over time, here's a perspective on personal income for production and nonsupervisory private...

Once again, the market focus has turned to the Fed. For many months the official Fed policy has included an inflation target, an annual rate of 2%. For many months I have written that inflation will...

In recent days, the blogosphere has gotten excited about a potential turnaround in gold and gold stocks. Specifically, technicians have pointed to the rally in gold (top panel of chart), the gold...

The pace of US consumer credit expansion remains brisk. A quick look at consumer loan balances at large US commercial banks shows a spike that started in February of this year.  Note: This data...

Countless stocks are bouncing off their highs and in many cases, a lot of these companies are due for share splits.It’s a peculiar environment for investors in that the main market indices are...

Oh, the power of misinformation – and the price that gets paid in the end. I can hardly believe it, but here we go again.For the stock market, the highlight of the week was the Fed meeting, the...

The ratio between the iShares MSCI Emerging Markets (ARCA:EEM) and the SPDR S&P 500 (ARCA:SPY) has produced some interesting setups this year. While EEM hasn’t been the strongest...