After rallies that lasted a little over two weeks, selling began on major US equity indices last week right at important resistance. This likely continues near term. US capacity utilization in March rose 0.4 percent month-over-month and 3.3 percent year-over-year … Continued
The S&P 500 large cap index is testing the lows of February, but VIX acts nowhere near as panicky. This could be a tell for stocks near term. The ISM manufacturing index dropped 1.5 points month-over-month in March. February’s 60.8 … Continued
The US dollar index (cash) acts confused. Later today, it is all but certain that the Fed announces a hike in the fed funds rate. This would be the third increase since December 2015, when for the first time since … Continued
Seven weeks of sideways action on the S&P 500 large cap index has been resolved. Last Friday, the index dropped 2.5 percent, for a weekly drop of 2.4 percent. This comes on the heels of an important breakout in July. … Continued
Markets are under the influence of the Fed’s rate hike talk – or a lack of it – a little too much … to such an extent that it can potentially backfire someday. Last Thursday, we learned that the ISM … Continued
Three prominent FOMC members spoke in the past week, and all three adopted a hawkish tone. Might they be trying to ready the markets for a rate hike in the September 20-21 meeting? With the U.S. presidential election scheduled for … Continued