There's huge potential for a spike in volatility.
As gold and silver tick lower and lower, investors are eagerly watching their charts to give them a clue that will never happen.
I think that when I see the kind of across the board give up as we have today, I think it's healthy not toxic.
There are three key reasons why investors should resist the urge here.
Are equity markets oversold? Sorry to say, but I don't think so. Not yet.
I think that Jerome Powell actually believes he is accomplishing something...by doing nothing.
At least part of the market's negative reaction to the Fed on Wednesday may be tied to two factors.
The research firms today put something in context that seems almost impossible: we are having a boom in the goods side, not the service side.
Plus, federal legislators fiddle while the ranks of the unemployed continue to burn.
Plus, reading tea leaves in the recent action in Apple and Salesforce.com.
With unemployment at 10%, the 'water in the pot' is pretty cold.
Also, interpreting Tuesday's market, Covid-19 vaccine update, and manufacturing growth.
What's most interesting about this market is how market players continue to hunt for entries despite all the warnings and negativity.
How September markets digest August ahead of momentous events will be far more important to uptrend maintenance than how August closed.
The true question is, is there even another currency that can replace the dollar? Not really.
Strong markets tend to stay strong even when they are technically extended.
It's likely that Powell may try to change the way the Fed targets inflation, and what the public expects going forward.
Expectations are high for what's likely to be a news-making speech by the Fed Chair. Here's why it matters to investors.
Is that a sign of a healthy market?
The headline numbers don't present the full story of what is going on with the equity markets.
It may just be a matter of time before the green chokes on the pestilence and the stock market stars don't even matter.
When the banking system is not healthy at its core, neither is the stock market regardless of its current price level.
I'm concerned about breadth, and if we start seeing 3 to 1 negative breadth then I'll be very concerned.
Make no mistake, we're at the beginning of the demise of the dollar, but we're still years away from a total collapse.
There were three simple investment conclusions from the Fed minutes.
Has the Fed created bubbles, or pockets better set up for success in this post modern world?
Markets are possibly fine until either growth or inflation force the Fed to change guidance on interest rates.
My view is that the period leading up to the November election holds a list of unique and potentially worrisome risks.
I continue to be concerned about the price action of the indices but I can't complain about the stock picking.
Plus, the equity markets suddenly are trading quite listlessly and Applied Materials surprises.