Showing articles 11 - 20 (6144 total)

09Mar3:33 pmEST

...Until Something Breaks

The Fed can keep trying for a soft landing, and markets can keep rallying, "until something breaks," has been the rallying cry (literally) for bulls for a good while now. But with the SIVB crash today and banks overall leading lower, as well as the small caps in the IWM, the issue is relevant as to whether now something has, in fact, been...

09Mar10:17 amEST

Make an Example Out of Them

SVB Financial Group, below on the monthly chart, is getting walloped by more than 35% this morning after it launched a $1.75 billion share offering to try to salvage its balance sheet. The lender has many startups struggling from venture capital funding.  Even though the broad market is staging a post-jobless claims bounce (it is fading...

08Mar11:53 amEST

More Cross-Currents Than the Port of Shanghai

Stocks are decidedly undecided through midday, as Powell's testimony today has a much more "data dependent" feel to it when he was specifically pressed on what The Fed would at the upcoming March FOMC. However, The Fed's mouthpiece, Nick Timiraos, did tweet out that barring cold data coming in The Fed could easily raise 50 bps later this month....

07Mar10:56 amEST

It's Only a Paper Currency

… It's a Barnum and Bailey world Just as phony as it can be But it wouldn't be make-believe If you believed in me Watching Powell in front of Congress this morning drives home the notion that he still lacks the sort of urgency which is likely necessary to truly fight off inflation.  And while the market overall in 2023 and even since last...

06Mar10:17 amEST

What Do You Want Me to Do, Learn to Stutter?

Joel Cairo: You always have a very smooth explanation ready. Sam Spade: What do you want me to do, learn to stutter?  The Maltese Falcon (1941) It is another Fed-dominant week coming up in the markets, with Jay Powell in front of Congress Tuesday then Wednesday mornings, followed by jobless claims and the NFP on Thursday and Friday,...

05Mar9:15 amEST

Weekend Overview and Analysis 03/05/23 {Video}

The following video is a brief, condensed version of the full-length Weekend Video Strategy Session which I present each weekend to members of Market Chess Subscription Services. In the longer version, I offer tons of actionable trade ideas, educational content, and in-depth objective analysis across all markets.  Please click here  for more...

03Mar10:06 amEST

It's Tough to Conquer Even Aging Empires

Bulls are feeling their oats again this morning, using the Bostic-led squeeze intraday yesterday afternoon to fuel a test of 4000 on the S&P 500 Index this morning. Rates on the 10-Year also dipped below 4% but are climbing back above that threshold as we speak.  Without question, years and years of endless dip-buying being rewarded by easy...

02Mar10:53 amEST

It's the Rate of Rates That'll Give You the Blues

Eric Johnston and Katie Stockton, two of the sharper people on Wall Street these days, have been fairly steadily bearish on risk assets amid rising rates this cycle. But even they recently came out in CNBC interviews and seemed to be apprehensive about the idea of rates going much higher from here.  But that's just it: The risk continues to be,...

01Mar10:52 amEST

It's Pretty; It's So Pretty

While equities toy with the 3940/3950 support zone on the S&P 500 Index, which of course coincides with the 200-day simple moving average, we have rates on the 10-Year Note hitting 4% once again this morning.  Further, while the Dollar had a soft overnight session we have the greenback firming up as we speak. But turning back to rates, the...

28Feb11:06 amEST

Circus Price Discovery

In sports it is often said that a team eventually reflects its leader/coach in terms of personality, grit, temperament, or lack thereof.  Perhaps the same can be said of markets and a given Fed Chair, especially given the prominent role of The Fed since the global financial crisis in 2008.  With this in mind, markets sure seem to be reflecting...

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