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 […]
VIX
As Investor’s Business Daily put it: “What a terrible week.”
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 […]
Chinese Coronavirus fuels risk-off
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 […]
Buckle Up
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 […]
Now Things Get Interesting – The Last Trading Week of Q1
Last week, US equity markets finally began to price in several variables that we have touched on in recent notes. The risk-off trade led to the worst one-week performance for […]
Inflection Point
Friday’s melt down by US equity markets capped off the worst weekly performance by all three major equity market indices in over a year. On Friday alone the S&P 500 […]
Can the budget showdown impact the markets?
Last week’s economic calendar continued to provide foundational support to the thesis that our economy’s growth is accelerating. Industrial Production for December came in at a stunning 0.9% versus Bloomberg […]
Is there a threat to the market rally?
If there is a theme that could bring this equity market rally to a halt, it is not currently evident. As I have pointed out in recent notes, earnings estimates […]
Stall and Dysfunction
If like many investors you don’t currently have significant single stock exposure to the large cap tech vertical, you have probably been scratching your head in recent weeks. We continue […]
awash in geopolitical risk – global equity markets continue rotation lower
While US investors try in vain to focus their collective attention on Q1 earnings season and US economic data, headlines from around the globe fuel apprehension and fear. There seems […]