Markets Unlocked
Happy December, everyone. As we head into the end of the year, let’s take a quick look at where the market is likely headed in the near term, in the longer-term, and give a few moments to thinking about the “Santa Claus” rally. Near term structure Make no mistake
Markets Unlocked
Markets were solidly locked in tight ranges this week, with many cryptocurrencies winding down in tight coils. We reminded our MarketLife members that, while such patterns always lead to great breakouts in trading books, in real life sometimes no breakout happens and the market just flatlines for a line time.
Markets Unlocked
The market had a stunning reaction to the CPI number this week, with one of the largest gap openings on record (to regular session hours), and a historic uptrending day on Thursday. Of course, this raises many questions. Many traders are seeking reassurance of their strong buy the dip mentality
Markets Unlocked
So, folks, there’s news: our yield curve model inverted (for the first time since 2007) on 10/27/22. While nearly everyone seems to be aware that the yield curve is inverted, it seems that few people understand the significance of this event. What does an inverted yield curve
Markets Unlocked
Happy Halloween, everyone! As we head into the end of the first month of the last quarter of the year, the major news behind us is a GDP report. Politicians and talking heads widely reported that GDP growth shows the economy is fine—nothing to worry about, really—and that
Markets Unlocked
A few thoughts here, as we head into the end of October. Don’t be misled by daily moves There’s a lot of noise in markets. Commentators (of all sorts) report every market move with breathless significance, but the reality is that most day-to-day moves just don’t matter.
Markets Unlocked
Thursday was one for the record books—stocks (and other risk assets) initially cratered under the CPI number, but quickly picked up momentum to the upside and finished the day in a stunning recovery. This kind of explosive action off a significant low (see chart) can often hammer in at
Markets Unlocked
Well that was an interesting month and quarter. I’m writing the second in what I expect will be a long series of weekend emails after one of the weakest months we’ve seen in a long time (in stocks), and a quarter that points to struggling macro factors in