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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Weighing the Week Ahead: Is the Housing Rebound for Real?

Has housing bottomed? For real? The question has special significance because the consensus economic forecast assumes improvement in this sector. This week’s economic data include the most important reports on the housing market. The FOMC minutes will also provide insight into Fed policy on the purchase of mortgage securities. With Congress on an extended President’s […]

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Weighing the Week Ahead: Hope for a Budget Compromise?

Sometimes the week ahead, despite our relentless focus on markets, brings policy issues to the fore. Such was the case during the fiscal cliff countdown, and it is happening again. Here at "A Dash" I have strongly advised that investors remain agnostic about politics. It is more profitable to accept the reality of current policy. […]

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