Risk/Reward Favors S&P 500 Shorts Near- To Medium-Term

The chart below (Chart 1) caused a lot of stir last Friday – across asset classes, primarily in the U.S., and elsewhere. The U.S. economy only added 38,000 non-farm jobs in May, much weaker than expected and the lowest monthly … Continued

Fed Up — Doing Same Thing Over And Over, But Expecting Different Results!

Three months.  That is all it took for the Fed to do a 360. In the middle of last December, the fed funds rate was raised for the first time in nine years – to still-zero-bound 37 basis points.  The … Continued