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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February Employment Report Preview

This month's report is especially important. I am cautious for several reasons: The market rally is generally perceived as extended – many are looking for a reason to sell; The story is complex, with many spinning angles; There is a ceiling on strength, due to incorrect assumptions about the Fed. I will elaborate in the […]

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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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Indicator Update for February 23rd, 2013

As a small housekeeping note I am posting the Indicator Snapshot for last week. This allows a complete record of the data series. I always plan to post the regular WTWA column, even when traveling or taking time off. Since regular business comes first, I sometimes do not have time to write. I am considering […]

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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 […]

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