Over the weekend, I covered the financial sector in depth.
Last week, the Volcker rule was rolled back, while the Federal Reserve decreased dividends paid to shareholders and ruled against corporate buybacks.
One would guess that the rollback of the …
This past week, the financial sector saw some fireworks.
The Volcker rule was rolled back, while the Federal Reserve decreased dividends and ruled against corporate buybacks.
Where does the name Volcker Rule come from?
Volcker was the Fed Chairman in …
Yesterday we heard a discordant orchestra.
Today, the crescendo that had built up in NASDAQ, turned into decrescendo.
And while NASDAQ sold off hard, the rat-a-tat of the Russell 2000, Retail, Regional Banks, and Granny Retail sectors from yesterday, sounded …
I hear a symphony..
Only there are some discordant notes.
On the one side of the orchestra we have NASDAQ FAANG and Tech building to a crescendo.
On the other side we have the Russell 2000, Retail Regional Banks and …
Unless…
The death rate from COVID-19 spikes-not the number of cases.
The dollar keeps failing while the yuan grows in demand.
The civil unrest surges to the point of riots, hence unavoidable disruption.
War breaks out in North Korea or …
No doubt our Economic Modern Family continues to give us reasons for concern.
To end the week, Regional Banks KRE, Transportation IYT, and the Russell 2000 IWM, not only all failed to clear their upper ranges and moving averages, but …
“I don’t see us wanting to run through the bond market like an elephant snuffing out price signals, things like that.” Powell
Powell is referring to the Fed’s plan to expand its purchase of bonds beyond ETFs, and into individual …
Jerome Powell’s talking points today:
After the Fed announcement that they will be buying corporate bonds, the market took off.
Like mentioned in the weekend Daily, we must go back to the stick in the mud, or NASDAQ 100 and its island top.
Until the …
After last Thursday’s nearly 1900-point decline, I recorded a video for StockChartsTV.
Then, on Friday, we saw four distinct trading patterns emerge.
First, many instruments had inside days or traded within the range of Thursday’s trading range. Is this surprising? …
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