After the Fed – Adding to the Ned Davis Story

There is a difference between a compilation of data and research.  Several recent "studies" of market behavior after the Fed finishes tightening have listed the stock market returns in the subsequent period.  Despite some rather obvious weaknesses that we have described in a prior discussion, these reports continue to get a lot of play in […]

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Energy Opportunity

Oil futures had a knee-jerk reaction today as the market factored in a decline in air travel and jet fuel consumption.  Since many hedge fund managers trade energy ETF’s as if they were proxies for oil futures, this may provide an opportunity.  The reaction is based upon a directional decision, not an assessment of the […]

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Fun with CNBC

Financial offices and trading floors have CNBC on in the background, and we’re no different.  Like many who are serious about markets, we miss the old days when the proportion of financial news was higher and you had to know the ticker symbols on the tape. Most of us have the sound on mute so […]

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