Weighing the Week Ahead: Are Consumers Ready to Buy? What about Housing?

The economic recovery, to the surprise of nearly everyone, has been consumer-driven. This has occurred despite increased savings and an overall improvement in household balance sheets. Businesses have been cautious to invest and to hire. State and local governments have been slashing spending and employees. I expect a week with a consumer focus. It starts […]

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Weighing the Week Ahead: Signs of another Economic Soft Patch?

With each new week, there is a fresh challenge to the most-hated market rally. Last week it was Cyrpus. As I have suggested over the last two weeks in the WTWA series, this issue created volatility that provided opportunities for both traders and investors. This week I predict that attention will focus on possible softening […]

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Weighing the Week Ahead: More Opinions, Less Data

Sometimes the weekly calendar does not provide much fresh data. This has no effect on the need for content on the part of financial media. Blank pages and air time must be filled. The result? A bull market in opinion — data not required. The economic data have been pretty consistent – low inflation, consistent […]

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Weighing the Week Ahead: Is There a Stop Sign at the Old Market Top?

There is a psychological barrier at market tops. Think about this conundrum: By definition, a former top failed. That is how it got to be a top! A new high is the most bullish thing a market can do. Also by definition, since going higher means reaching and taking out old tops. As market averages […]

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