No Love For Small-Caps, Which Refuse To Respond To Robust Payrolls, Instead Could be Heeding Message Coming Out Of Openings

posted in: Economy, Equities, Technicals | 0

Small-caps get no love. They have not for a while. Unlike its large-cap peers that keep making new highs, the Russell 2000 remains substantially below its November 2021 high. The index ceased to respond to solid jobs picture as early … Continued

It Will Be Tough To Brush Off Wage Push Inflation As Fed Has Consumer Inflation

posted in: Economy | 0

Job openings are at record highs. Of its dual mandate of maximum employment and price stability, the Fed is singlehandedly focused on the former, being oblivious to rising consumer prices. If these openings get gradually filled, resulting in continued upward … Continued

10-Year T-Yield Hits Brick Wall At 1.75% – Breakout Retest At 1.63%

The 10-year T-yield is itching to move lower – at least near term – if nothing else just to unwind its overbought condition. This could have implications for tech shares and gold, among others. The 10-year treasury yield is beginning … Continued

While Large- And Small-Caps Meaningfully Diverge, Several Options-Related Metrics Remain In Frothy Territory

The recovery in the economy from recent lows has been uneven. In equities, the S&P 500 (large cap) rallied to a new high last Friday, while the Russell 2000 (small cap) was rejected at a crucial resistance. Amidst this, several … Continued

Rates Diverge With Equities – TLT Pushes Through Aug ’19 Falling Trendline

posted in: Credit, Derivatives, Economy, Technicals | 0

The year is quite young, but things have not quite turned out the way bond bears were hoping they would.  The 10-year T-yield last week pierced through trend-line support from last September.  In due course, this likely opens the door … Continued

Too Much Of A Good Thing Not Always Good

posted in: Credit, Economy, Equities | 0

The post-Great Recession recovery has been uneven.  Jobs have been one of the bright spots.  In the dying months of last year, job openings – both non-farm and small-business – weakened.  It is too early to declare a trend has … Continued