Market Look

All roads lead to easy money forever. They think they are heroes. SOURCE: http://www.foxbusiness.com/markets/2017/03/09/european-central-bank-leaves-interest-rates-unchanged.html

A few thoughts and the markets: What’s the big difference between Obamacare and Trumpcare? Oh…you can’t think of something either. We actually don’t blame Trump. The fact is once an entitlement is put in place, it never goes away. The left’s goal was to get the country conditioned that health insurance was another “right” to be…

Futures on the quiet side but themes still playing out: Namely the continued busting up of commodities. Oil prices hit again today after yesterday’s breakdown and all other commodities getting whacked…gold,silver,copper and all that stuff…all should continued to be avoided at this juncture. Not much in the way of earnings…Gapping up: SMTC / Gapping down:…

We said yesterday that more and more areas getting distributed. It worsened today but we must tell you, not that bad.   For sure, continue to avoid commodities, oils and the like as oil prices broke down today and most commodity names are cracking through support/moving averages. This includes gold/silver also. t just looks like…

malls have to do something. A ton of anchors have been closing. Not a bad idea. SOURCE: http://www.foxbusiness.com/markets/2017/03/08/supermarkets-drop-anchor-at-malls.html

Strong ADP numbers this morning. We have stated that the intangible of confidence may be back in the business owner’s mind…and possibly this leg up in hiring has to do with that. We shall see. Futures are basically flat but because of the ADP number, bonds selling off, yields rising and financials strong. Higher long…

Wish we had more to say but not a lot of movement this morning…and frankly, we are good with that. There is nothing bad about a quiet, calm pullback of indices. After the move off of the election, one is due…but so far, major indices not giving much back. Small caps are definitely under-performing tbhis…