Weekly Economic and Market Review
It was a light week for economic data and what we did get served more to confuse than clarify. Market action seems to indicate that the data at this point is basically irrelevant anyway as all the market’s attention is focused firmly on the potential actions of the Federal Reserve. There appears to be a .. read more
Weekly Economic and Market Review
So maybe the economy isn’t headed over another cliff after all? Last week’s economic data wasn’t great but it was enough to rally the market 3.5% just because it wasn’t as awful as expected. I haven’t been particularly worried about the prospect for a double dip into recession land because I’m an eternal optimist – .. read more
Weekly Chart Review
The problems last week started in the currency markets. A surge in the Yen is what set the Dow collapse in motion Thursday: Rather than look at all the markets that suffered fatal technical damage last week which includes most every market in Europe, let’s look at markets that are still above their 200 day .. read more
