Erik McCurdy

We spend a great deal of time emphasizing the importance of maintaining a big picture perspective as both investors and traders. Without an understanding of the secular and cyclical environments...

As anticipated in March, economic data have deteriorated meaningfully during the last two months and the likelihood that the U.S. is sliding into a recession continues to increase. On Friday, the...

The announcement of the latest “solution” to the sovereign debt crisis in Europe spurred large, unusual moves in several markets Friday, including the US dollar, gold and oil.As...

The S&P 500 index closed moderately higher yesterday, reacting to congestion support in the 1,320 area above previous lows of the violent, overbought correction in April.Short TermAs expected at...

The Case-Shiller home price data for April was released yesterday, showing another increase in the 10-city and 20-city composite indices as they continue to bounce off of recent lows of the secular...

For the past several months, the most historically reliable leading data have indicated that the development of a recession in the U.S. is likely during 2012. As anticipated, coincident economic data...

Last week, our analysis suggested that the beta high (BH) of the current short-term cycle in stocks would likely form in conjunction with the June announcement from the Federal Reserve. As expected,...

The Federal Reserve announced yesterday that it will continue to hold short-term interest rates at effectively zero. As expected, no new stimulus programs were announced, although it was decided to...

Economic reports continue to miss consensus expectations and the acceleration in data deterioration is developing as expected. On Friday, the Empire State manufacturing index for June was reported at...

We stress often the need for proper context when performing market analysis. It is all too easy to fall under the influence of the bipolar emotional swings that accompany the daily index movements,...