Newsletter

Stocks fell hard on Tuesday, giving back Monday’s rally, alongside other so-called “risk-on” markets. Oil prices plunged after the The International Energy Agency (IEA) reduced their outlook for oil in 2017. The IEA said the global economy is slowing down due to lackluster demand and supply remains very strong. That is a perfect recipe for lower…

Market Update: Stock futures are a little higher ahead of Wednesday’s open as investors digest a volatile three day’s on Wall Street. Gary’s Thoughts: About .3% higher this morning. Another body blow yesterday. Economic Data: Bank Reserve Settlement Market Focus MBA Mortgage Applications 7:00 AM ET Import and Export Prices 8:30 AM ET EIA Petroleum Status Report 10:30 AM ET…

Stocks opened lower and closed higher after buyers showed up after a few Fed heads came out on Monday and hinted at a slightly dovish stance. The big news came from Fed’s Brainard after she said it would be prudent to wait for a while before raising rates. She made the case that the “data” does…

Market Update: Stock futures are down big ahead of Tuesday’s open as investors digest a volatile two day’s on Wall Street. Gary’s Thoughts: But…futures down decently. Volatility is back and the mantra “don’t blink” is back. Central bank-controlled markets. Economic Data: NFIB Small Business Optimism Index 6:00 AM ET Redbook 8:55 AM ET 4-Week Bill Auction 11:30 AM ET…

Market Update: Stock futures are down big ahead of Monday’s open as Friday’s strong sell-off continues. Gary’s Thoughts: Amazingly, after one big down day, Fedhead Lockhart already out trying to roll back potential for a rate hike. Leave no doubt that these buzzards are watching and reacting to one thing and one thing only…markets. They know…

“OOOPSY!” By Gary Kaltbaum September 11,2016 Our overall central bank theme remains the same. For longer than we can count, we believe every asset price, every data point and every economic statistic is off of the easiest monetary policy in the history of time…and to the trillionth power. We believe central banks can never roll…

Before Thursday’s open, the ECB held their latest meeting and did not increase or extend QE and held rates steady. Initially, that disappointed some investors who wanted more easy money from the ECB. Mario Draghi, head of the ECB, said the European central bank did not discuss an extension of QE but did say the program will…

Market Update: Stock futures are nicely lower ahead of Friday’s open as the market continues trading in a relatively tight range just below record highs. Gary’s Thoughts: Yuck open. We shall see what comes of it. Remember, tight range, low volatility and a lot of bullishness. One other note…Apple will not give out numbers on…

Stocks were quiet on Wednesday after the Fed released its beige book and Apple launched new products. The Fed’s beige book showed modest growth across most of the country which was largely expected and barely moved the needle. Separately, Apple announced several new products, including a new iPhone 7, which is water resistant and will…