Paul Rowady writing at Alphacution says 67% of securities in US stock markets are derivatives dependent on an underlying 33%, made up of company stocks. It’s leveraged. We can talk about ramifications at the end. To begin, the point is…
View pageFor the Federal Reserve, 2018 was the end of the lane. For us, 2019 is fresh and new, and we’re hitting it running. The market comes stumbling in (anybody remember Suzy Quatro?). The Dow Jones dropped 6% as it did…
View pageIn the stock market the beatings have been consistent while we all wait for morale to improve. What’s causing it? I’m surprised conservatives haven’t blamed midterm elections. Alert reader Pat Davidson in Wisconsin notes CNBC viewers say tariffs, global economic…
View pageWe take a moment to honor the passing of George Herbert Walker Bush, 41st President of the United States, who earned respect across aisles and left a legacy of dignity, achievement and service. Markets are closed today in Presidential honor,…
View pageFederal Reserve Chairman Jerome Powell, keeper of the buck, speaks today. Should we care, investors and investor-relations folks? There’s been less worshipfulness in the Powell Fed era than during the Yellen and Bernanke regimes. Out of sight, out of mind. …
View pageI like Thanksgiving. We may not all always feel grateful for our circumstances, but an attitude of gratefulness is healthy, I’m convinced. So, happy Thanksgiving! Karen and I will be feeling festively appreciative this year high in the Rockies, in…
View pageHow is it that stocks and oil fall if no one is selling them? There’s an answer. Tim Tebow once famously sent a one-word tweet: “Motivation.” For Tebow (Karen and I were downtown years ago when Tim was a Denver…
View pageAs the colors of political persuasion in the USA ripple today, what matters in the equity market is what the money is doing. We measure Sentiment by company and sector and across the whole market daily. It’s not mass psychology.…
View pageBoo! As the market raged high and low, so did Karen and I this week, from high in the Rockies where we saw John Denver’s fire in the sky over the Gore Range, down to Scottsdale and the Arizona desert’s…
View pageAnybody hear yesterday’s volatility blamed on Counterparty Tuesday? Most pointed to earnings fears for why blue chips fell 500 points before clawing back. Yet last week the Dow Jones Industrial Average zoomed 540 points on earnings, we were told. We…
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