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 […]
Economy
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, […]
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 […]
$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 […]
Tractor Beam
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 […]
Jerome Powell’s Heads to Capitol Hill on his 2nd Anniversary at the Fed
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 […]
Outlook for stocks shifts to “Uptrend Under Pressure”
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 […]