Blame It on Ukraine!
World leaders boldly came up with a plan to not take any responsibility for the economic hardships the world is going to face. When in doubt, just blame it on…
Supply Versus the FED
Oil prices might be fighting the Fed but a warning from FERC about natural gas shortages in the Northeast and the fact that diesel and heating oil inventories are at…
Laughing It Off
Global oil markets are laughing off Biden’s announcement to release another 15 million barrels of oil from the Strategic Petroleum Reserve, extending the previously announced release through the month of…
False Dawn Or Not
S&P 500 jubilation continued yesterday, and markets didn‘t really notice Fed‘s Williams throwing cold water on giving up the fight against inflation prematurely. The excessive moves in USD retreat well…
SPX Bottom Near?
S&P 500 reversed to the downside on high volume, and the open short position became profitable from the get-go. No matter the premarket jubilation driven by retreat in bond yields,…
Making Its Move
Oil prices are soaring after Friday’s dismal performance after it became apparent that OPEC plus Russia it’s getting ready to make its move. It really shouldn’t be a surprise to…
All Eyes on Long-Dated Treasuries
S&P 500 yet again kept declining through the day, and Treasuries offered a bleak sight till shortly before the close when long-dated ones turned finally higher – and both tech…
Before the Drop
S&P 500 duly reversed as I called for it intraday to do. Not that the message from bonds or the dollar would be more optimistic really – for the bulls…
Facing Damocles Sword
S&P 500 confirmed the daily outlook yesterday, and did really well. The signs before the close also favored bullish entry into today. VIX kept declining, UVXY confirming – no surprise…
In a Heartbeat
S&P 500 cratered, bonds confirmed, and market breadth took a dive. The advance-decline line is not really in a good shape, and the respite that‘s possibly shaping up for today…
It Started
Following yesterday‘s weak rally and bonds showing, S&P 500 bears have the upper hand (timely announcement). Then, the crypto plunge is adding to downswing‘s credibility – about to spill over…
The Turn
S&P 500 more than erased Thursday‘s decline – buy the dip mentality won, and the advance was that broad-based that it makes sense that I examine the theoretical possibility of…
Slowly Thinning Air
S&P 500 rose, driven by tech at expense of value, which is normail in economic slowdowns. The junk bond rally however stands out – a prime candidate to attract selling…
Bull Trap Ready
S&P 500 bearish overtures were refused, bonds remained optically risk-on and strong, but the true picture reflects a daily stall. Refusal to drive prices higher in the absence of convincing,…
Right on Cue
S&P 500 declined, but the short-term bullish case is far from lost. There is a stark contrast to yesterday‘s tech earnings as opposed to Walmart or Snapchat lately – shifting…
The Message
The White House continues to tell us that they are doing nothing wrong with the way they are running the economy or the country, it’s only the messaging that gets…
Who Do You Trust?
If you can’t trust Russian President Vladimir Putin then who can you trust? European natural gas prices fell after Mr. Putin assured Europe that he would provide all the gas…
Risk-On Vs. Liquidity Squeeze
S&P 500 ended a losing streak thanks to the still fine retail sales data, and even consumer confidence edged up. In the flattening yield curve characterizing the move to a…