If the latest FOMC meeting left you scratching your head, then you're not alone. Let's try to pick apart what's really going on.
Are traders and investors confused? Possibly. Was that the intent? No, but I think Jerome Powell is fine with that.
Senior indices and many big-caps are technically extended and prone to 'sell the news' reactions.
In a year full of boom and bust commodity moves, let's spill the beans on coffee's unruly rally.
Conditions for 'sell the news' action is good, but is it too obvious to actually work?
Traders and investors are trying to adjust and stay ahead of the curve.
Small-caps and mid-caps are still picking first downs on every play, storming back from a badly oversold condition that has just about normalized.
The market doesn't seem much interested in the pessimist narratives right now.
IBM beat expectations and the complexion the overnight mood changed. But will the mood change hold?
In many respects, the Monday's action was a rerun of the standard COVID trade.
Futures traders of a certain age have this pattern permanently etched into their brain.
The primary issue for traders now is whether the stocks that have been hit hardest can bounce back.
The market action we're seeing right now is unsustainable.
Oil prices tend to struggle to hold gains beyond mid-July.
Several names I like are slow fading due to disinterest in small-caps.
If you are not in the market for a vehicle right now, inflation is right where the pros thought it would be.
Perhaps a bigger deal Tuesday morning than second-quarter banking earnings will be the June data for consumer prices.
The tug of the futures gives you phenomenal prices you don't deserve. Let me show you what I mean -- and why the early bird gets the bargain.
Searching for a theme, the market can't seem to decide if it wants higher or lower interest rates.
Global equity markets, global debt markets, commodity and crypto markets went into risk-off mode overnight.
Bond yields continue to fall as worries about slowing growth replace inflation fears.
A change in market behavior is in action as oil appears to top out and Treasuries, gold, and the U.S. dollar have all managed to grind higher together.
My main concern is stock-picking, but we have to be very aware of what sectors are working.
How peculiar that the last day of a calendar can still drive frenzied activity given that most folks can follow their money on a daily or even real-time basis these days.
After five days, the nastiness that is allocation through high-speed algorithmic selection (profit-taking) returned to the fold.
The rolling corrective action is what is helping to keep the overall trend positive.
The bears are on the wrong side of the action again.
The change in the FOMC's projections in just three months' time tell us one thing: those sitting on the committee just do not know any more than do the rest of us.
Keep your eyes open for new themes and market leadership.
The public seems to have resigned itself to dealing with a greater degree of inflation for longer than anything I would have considered to be 'transitory.' The again, the public is often as wrong as the Fed.