Possible Year End Breakout

Yesterday, Federal Reserve Chairman Jerome Powell put a damper on any talk of a recession that still lingered in the media. Here is the quote from the Yahoo Finance article linked below. “In principle, there’s no reason why it can’t last,” Powell told the House Budget...

Inverted Yield Curve

The last few weeks, financial news talking heads have been beating the drum about recession possibilities due to an inverted yield curve. While I suspect there might be political reasons for their commentary, I want to address some of the factors surrounding an...

Stock Market Commentary 2-19-2019

This post is a little more technical than usual, so I apologize if it’s kind of nerdy. Using the S&P 500 as a proxy for the stock market, we can see that the price has bounced off the December lows very well. It still has some work to do before it starts...

Stock Market Commentary 1-30-2019

In the last 4 weeks, we have seen a pretty sharp rebound in the S&P 500 since its December lows. To think that it would retest its lows or at least retrace below the 2500 mark, would not be out of the realm of possibility. Frankly, that is typically what happens...

Stock Market Commentary 12-20-2018

Christmas Scrooge As you might be aware, the Fed raised rates .25% yesterday just as they said they would. They also hinted that they would raise rates again in 2019 at least two more times. The market was hoping for something a little more dovish and when that didn’t...