Stocks lose ground on the week, but remain in channel
After a turbulent week, we opened on Friday with equity markets trading sharply lower only to see institutional buyers step in to take advantage of the steep intraday discounts. As […]
Author: Peter Kenny
Dow in the Dust
Despite a relentless drumbeat of dire economic data releases again last week (ADP, Employment Report et. al.), markets moved sharply higher. Given the economic backdrop we find ourselves mired in, […]
Negative economic data will trigger reset lower
International trade data for March is released Tuesday at 8:30 am. Econoday consensus is calling for March’s reading to be $-44.0 B. February’s results were $-39.9 B. Also on Tuesday, […]
Suburban elites, Range Rovers and toilet paper
Slowly, selectively, and deliberately, some states and businesses will begin to reopen this week on a limited basis as indications emerge that we may have passed the peak of the Covid-19 pandemic […]
Breathtaking Glimpse
As has been the case for nearly 2 months now, the weekly economic calendar that I outline in Kenny’s Commentary only acts as a data-driven backdrop to underscore the hopefully […]
An Outstanding Historical Perspective
Rather than dwell on the obvious themes that we are being bombarded with by financial media, and which tend to fuel near desperation on the part of investors, please consider […]
Huge Opportunity for Cloud and Online Retail Companies
Kenny’s Commentary on Bloomberg Radio. Hosted by Lisa Abramowicz and Paul Sweeney. Click to play episode: running time 06:40.
$2 Trillion Relief Package and Geese Silently Glide in Formation
From last week’s Kenny’s Commentary… “As volatile as U.S. equity markets were last week, it does appear on the chart above that the selloff that has dragged markets sharply lower […]
Unsettling Economic Data
We are beginning to witness slippage in the economic vitality that has provided the underpinning for the longest running bull market in history. The slippage, detailed in the economic data […]
The Specter of “Knightian Uncertainty” reemerges
On December 11th of 2018, I wrote the following in Kenny’s Commentary: “Knightian uncertainty [which is the ‘lack of any quantifiable knowledge about some possible occurrence’] may pull markets lower yet – […]