The liquidity that pushed up all risky assets is now the leading factor in taking them down.
There's no doubt that the Fed Chair was about as hawkish as we have ever heard him, but his crew seemed to try to temper that hawkish posture.
It doesn't take much imagination to see how the average consumer is falling behind and losing substantial buying power.
For now, this is a bear market, and strength cannot be trusted.
This week's earnings focus will be on the retailers with rivals such as Walmart and Target, as well as Home Depot and Lowe's reporting.
China's government is more concerned about stopping the spread of Covid-19 than spurring the economy back to life.
Market participants are betting that the worst has already been discounted.
A new study suggests 1.55 million people could die if China abandons zero-Covid, with the intensive-care system needing 15.6 times existing capacity.
This morning's CPI print will certainly be this week's (month's) catalyst if there is to be a short-term rally in equities.
For over a year I have been vehemently warning about the risks associated with speculative stocks and gewgaws.
Bongbong Marcos has operated almost exclusively through social media during his campaign, calling for 'unity' and glossing over his father's dictatorship.
Plus, we take a revealing look at the movements in the yield curve and pop in on the dismal charts of Shopify and Peloton Interactive.
Has the FOMC heeded Market Recon's advice? Probably not.
All eyes will be on the Fed this Wednesday to see if this 'weakness' will or can cause them to reverse their policy.
I would think that there could be a sharp rally at some point this week. There will be plenty of news.
Plus, a close look at the scary decline in Americans' disposable income.
If by the end of 2023 inflation is around 2.6% and unemployment is around 3.8%, then I'd hardly call this period a failure.
Typically the bulls take control of the markets now, and they continue to lead the way into the summer months. But It's just not happening.
Let's recap some of the main worries behind the selloff. Unfortunately, I think the trading action gets worse before it gets better.
One positive takeaway last week was the very low trading volume for Nasdaq-listed stocks in aggregate and for constituent names of the Nasdaq Composite.
Watch out for the stress in the financial system.
The Fed is running the same experiment over and over again expecting a different result.
Reduced global growth expectations amid war, inflation and supply chain issues should give investors pause.
It was what the St. Louis Fed President said regarding short-term rate targets that left the deepest impression.
China's economy grew 4.8% in Q1, but many China watchers say the numbers are getting increasingly unreliable.
Place a percentage on the likelihood of recession? It sounds more like someone trying harder to not get it wrong than trying to get it right.
Banks stocks are still a 'full-on Monet.'
Also, play the companies that benefit from inflation, not Cathie's clowns, which are hurt by it.
It's not everyday that one hears the CEO of a major money center bank come out and tell you that the future just might not be all that bright.
The possibility of a recession in the quarters ahead cannot be dismissed.
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