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 – […]
By Lindsay Dunsmuir Reuters 3/2/2020 WASHINGTON (Reuters) – The U.S. Federal Reserve cut interest rates on Tuesday in a bid to shield the world’s largest economy from the impact of […]
Last week’s equity market meltdown caught investors off guard; it was painful, swift, and reminiscent of corrections past, though unique in some respects. With that carnage as a backdrop, and […]
Not only was last week’s equity market price action constructive given the overhang provided by the Coronavirus, but that price action, when paired with other measures of investors sentiment, speaks […]
On Tuesday and Wednesday of this week, Fed Chair Powell will be giving two scheduled speeches. On Tuesday, he will be addressing the House Financial Services Committee. Though neither was […]
Market losses and distribution days are beginning to add up. The spread of the deadly coronavirus continued to fuel a meaningful trade lower last week – particularly on Friday. The […]
Last week’s trading was interesting for a variety of reasons. Though markets managed to hold onto their “confirmed uptrend” status, they closed out the week on a soft note. Much […]
Last week saw U.S. equity markets trade higher, with all three major indices gaining ground. Leadership was once again provided by Apple, which gained 2.7%. Google also rose 3.5% last […]
On Tuesday of last week, the international trade data for November was released and it was encouraging. As you likely remember, October’s initial reading was a better than expected $-47.2 […]
On Friday of last week, the principal driver of early morning price weakness and volatility was the death of Iranian General Soleimani at the hands of a US military drone […]