The Fed's Conundrum, Long Term Momentum and Macro Warning (video)

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Attention Non-Client subscribers: Nothing in this video should be construed as investment advice. The examples expressed relate to portfolio management we perform on behalf of our clients, and, again, under no circumstances are they to be considered recommendations to the viewer.

Certain Uncertainty (video)

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Attention Non-Client subscribers: Nothing in this video should be construed as investment advice. The examples expressed relate to portfolio management we perform on behalf of our clients, and, again, under no circumstances are they to be considered recommendations to the viewer.

Softer Soft Data and Highlighting Headline Driven Markets (video)

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Attention Non-Client subscribers: Nothing in this video should be construed as investment advice. The examples expressed relate to portfolio management we perform on behalf of our clients, and, again, under no circumstances are they to be considered recommendations to the viewer.

Stinky Breadth

Just a quick follow up to last week's "Curb Your Enthusiasm" post.

Days like these can be dangerous for unsuspecting investors... As, per the below, those who only see the headline prints on the US major averages could be thinking all's well and we're back in business.

Tariffs About To Start Biting, And the Potential Irony of Stimulus If It Comes Too Soon

The following entry(s) to our internal log will serve as this week's mid-week message:

The below from Bespoke, and commentary out of BCA this morning, on the number of outgoing vessels from China declining notably to virtually all destinations, suggests that the global economy is indeed slowing right here:

Sentiment, Sector Rotation, Bond "Yips", Beyond Tech Talk, And A Quick Look At Markets (video)

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Attention Non-Client subscribers: Nothing in this video should be construed as investment advice. The examples expressed relate to portfolio management we perform on behalf of our clients, and, again, under no circumstances are they to be considered recommendations to the viewer.

Curb Your Enthusiasm (just a bit)

All appearances are that the equity market is having a whale of a day!

Well, not so fast... As I type, a bit before the close, while the major averages are up impressively, the overall sector breadth says this is anything but an all-in, back-up-the-truck day in the stock market.