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General comment – market indecision
Sep. 13, 2013 Many of the markets I follow are showing signs of doubt and indecision. Trending markets, like the NASDAQ-100, appear somewhat tentative at their current levels and may now be entering...
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General Comment – Strange Days
Sep. 18, 2013 Since May of this year, Fed Chairman Ben Bernanke and his colleagues on the FOMC have been signaling their desire to gradually reduce the scope and pace of their quantitative easing...
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Treasuries – A Steeper Yield Curve
Sep. 20, 2013 Based on recent developments in monetary and fiscal policy, it seems logical to me that the yield curve should steepen in the coming weeks and months. Wednesday’s FOMC announcement showed...
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Yellen, the New Dynamic, and the Dollar
Oct. 9, 2013 A number of recent articles as well as comments from various FOMC members suggest that the decision not to taper in September was rather contentious, and ultimately came down to Fed...
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Copper – What is it telling us?
Oct. 10, 2013 Back in the 80s and 90s copper prices traded around in a fairly broad range, often closely tracking manufacturing activity and earning the popular moniker “Dr. Copper” for their value as...
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Equities – Seeking New Highs
Oct. 15, 2013 U.S. equity markets looked overbought and expensive in mid to late September, but the subsequent declines felt labored and even somewhat reluctant. On October 9 the markets made a modest...
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Macro View – Taper Too
Nov. 22, 2013 Reading between the lines of recent Fed communications, it’s becoming increasingly clear to me that the Fed wants to exit its quantitative easing policies as soon as possible. Though...
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Yellen’s Testimony Today – Potential Disappointment
Feb. 11, 2014 As the financial world prepares to read, interpret, and react to Janet Yellen’s Monetary Report to Congress today, I thought it might be useful to take a quick glance at market movements...
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Droughts and El Nino? What Could Possibly Go Wrong?
Feb. 18, 2014 Late last year, a lot of the agricultural commodities had come under significant pressure in the futures markets. Large spring plantings and mild weather were contributing to strong...
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A Few Good Charts
We’ve seen a notable increase in market volatility during recent sessions, and when confusion reigns, many of us look to the charts for further guidance. While similar conditions currently exist in...
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