201603.23
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It’s Hard Being A Bear

Global stock markets, especially in the US, have made a furious comeback from the lousy start of the year. At its worst level the S&P 500 was down 11% year to date and 15% from its peak late last spring. At that nadir the market was trading at roughly the same level as November of…

201603.17
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The Fed Is Already Easing Policy

The Fed threw in the towel this week and acknowledged what the market has known for some time. The four rate hikes previously envisioned for this year are now just two – the dots are falling. According to the Fed, the economy is just fine, just not fine enough to handle interest rates that don’t…

201602.28
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A Closer Look: Market Style

The S&P 500 Index ((IVV)) has had a rough first part of the year. Having failed at strong resistance at both moving averages, the index was essentially in a freefall on its way down to the 1800 level. After a drop of over 250 points, it managed to hold that level and bounced back up to the…

201602.21
4
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An Inflection Point

Markets stabilized some last week, stocks large, small, emerging and foreign finding a bid. Short covering for sure, but maybe some real buying too; there are a lot more cheap stocks around right now than there has been in quite a while. Value players are starting to pick around in the debris of the materials…

201602.21
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A Closer Look: Market Cap

This past week, the S&P 500 Cap-Weighted Index ((IVV)) tested and then broke strong support at the 50 and 200-day moving averages after a remarkable rebound from its crushing meltdown in August of last year. Look for a possible bounce here, so long as it can get above resistance at the 1950 level, as the market is…

201602.07
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KISS

K.I.S.S. – Keep It Simple Stupid – An acronym used in the US military; a design principle; unnecessary complexity should be avoided. The acronym KISS is just another way of expressing Occam’s Razor or maybe Einstein’s admonition that everything should be as simple as possible but no simpler. That the simplest answer is usually the…

201601.23
1
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A Closer Look: Market Style

The S&P 500 Index ((IVV)) has had a rough first part of the year. Having failed at strong resistance at both moving averages, the index was essentially in a freefall on its way down to the 1800 level. After a drop of over 250 points, it managed to hold that level and now looks likely to bounce…