Weekly Chart Review-Risk Off
Joseph Gomez Remember all I said about the S&P 500 forming an upward channel of higher lows and higher highs? Well, it was good while it lasted. This week turned into a brutal (wholesale liquidation) sell-off as the motto-”Risk Off!” -rang loud and clear. As Joe Calhoun has often said, there’s a difference between the economy .. read more
Weekly Economic and Market Review
Standard and Poor’s changed the outlook for the US credit rating to negative last week but stocks managed to shrug off the obvious and end the week in positive fashion. S&P doesn’t quite have the credibility it once had after blessing the mortgage dreck of Wall Street with AAA ratings during the housing boom, but .. read more
Weekly Economic and Market Review
The economic data continued its mixed performance last week with little in the way of surprises. The recovery is definitely slowing and that is quite disappointing considering that it hasn’t been a robust one anyway. The housing market is in tax credit hangover hell and the jobs market is downright dismal but manufacturing continues to .. read more
