This is a market that is tired of the China trade issue and is looking to move on.
Let me give you the items I want to see before I bless buying anything in what has become a plain, out and out, treacherous market.
Here's my take on the Federal Reserve's expanded balance sheet, the Labor Department's jobs survey, and Fed's September meeting minutes.
My overall market posture has been one of leaning toward the defensive. I have no intention of making this stance permanent.
Perhaps the greatest risk of all is that of systemic complexity, and this is as close to an unknowable risk as there is.
Let's face it, the numbers aren't great and the trend is bad.
I think that one needs to take a diversified approach to not just wealth preservation, but the preservation of one's standard of living.
This combination of macro uncertainty combined with a market under technical pressure is going to make it very tough for the bulls to make progress.
John Williams is in charge of a balance sheet that last week totaled a cool $3.553 trillion dollars.
Trading range action will be a helpful first step for this stock market.
The ISM disappointment appears to be digested fairly well right now but keep an eye on the intraday lows.
Thoughts on the ISM, trade, Friday's key job report and how to play it all.
The nation's central bank forever perverted the concept of what we used to call the 'free market.'
Investors are culling the stocks that are worth owning and shedding those that aren't, and Starbucks is a prime example.
The structure of your portfolio can change dramatically when you are managing through a recession. How to view the current economic picture and how it will affect the markets.
Are things that bad? I remain a non-believer in the recession thesis.
When I find charts and stocks I want to buy I will be more bullish but there is no choice but to wait.
October has delivered the biggest crashes in history but some major market bottoms as well.
International investors have been heavy sellers in Tokyo for quite some time. They tend to sell at exactly the wrong time. It seems many have made that mistake again.
German manufacturing appears to be falling off of a cliff, which could be a precursor to a recession.
The lack of accurate predictability across all of these metrics is why a certain level of diversification is always necessary.
it seems that consensus is to interpret anything that can be viewed as bad, as actually bad, and anything that could be good, as an aberration that will soon become bad.
Like central bankers, the equity markets seem oblivious to weakening global economic conditions that indicate a recession already is here.
The Fed Chair's statement is such a mass of self-contradiction and obfuscation that it is no wonder his colleagues are deserting him.
The economy is not nearly as bad as the news makes it out to be.
GDP and corporate earnings trends are not favorable and increasingly indicate slowing economies here and abroad.
The U.S. economy may see a real lift-off in consumer prices due to higher energy prices, even if certain sectors stand to benefit greatly -- as might the trade deficit.
The bears remain convinced a recession is on the horizon and the central bankers aren't going to be able to stop it.
If employment is weakening, it would be a very ominous sign that a recession is getting closer.
The bulls are counting on a friendly Fed to support the market while the bears are convinced that it is already too late for interest rate cuts to save the economy from a slowdown.