We are back to a normal economic calendar, with Congress in session and plenty of FedSpeak. Until the government shutdown ends, I expect that to get maximum news coverage, followed by the President’s latest legal troubles. Since these are not the most important market stories, I want to examine more closely the debate about economic […]
We have another short week, a government shutdown as partisan lines are redrawn, and also some important new data. Many will plan to take the week off, but some will be making last-minute position adjustments on Monday. I expect many market participants to happily turn the calendar page, enjoying a blank slate for the New […]
When markets decline, investors worry. When they decline sharply, investors get frightened. If selling is extreme, it leads to fear and trepidation. What might signal a more favorable climate? Holding “support?” A big rebound rally? Favorable news? Mustn’t there be something? Beware of these high-profile traps. My own comments follow in italics. The “sucker’s rally” […]
We have a short week and one extremely light in scheduled news and economic data. Even the Wed-Fri stretch comes before another holiday weekend. In addition, the government shutdown will delay scheduled reports. Given the continuing divergence between economic news and market prices, that might not matter! Pundits have plenty to talk about. We are […]
We have a big week ahead for news and economic data. As I have noted in recent updates, economic fundamentals have had little bearing on stock price movement. In fact, the opposite has been the case. Whatever happens with stock and bond prices is selectively used to spin the data interpretation. That was a challenge […]