Jack Schwager, in his instructive and comprehensive A Complete Guide to the Futures Market makes the point that we've been stressing of late in client review meetings: That while our fundamental analysis says the overall setup remains bullish for equity markets, it's only useful in terms of assessing the prospects for the intermediate and longer-term horizons. We should always expect frequent counter-trend moves and corrections even under the best of conditions.
Friday, January 12, 2018
Thursday, January 11, 2018
We've been hinting herein that our view on inflation is that we're on the cusp. Not, mind you, remotely in the style of the late-70's/early-80s, but at a rate that jibes with an accelerating economy and an uber-tight labor market.
Wednesday, January 10, 2018
Tuesday, January 9, 2018
Well, the good news is that analysts are absolutely giddy about the current earnings season! The bad news is that analysts are absolutely giddy about the current earnings season!