The Week Ahead: Don’t Get Fooled Again

The stock market correction started after the very strong jobs report on March 6. It paused last Thursday when stocks rebounded sharply. The resumption of selling on Friday indicates that the market decline is not yet over. We could still form a v-shaped bottom next week but it will take several consecutive sharply higher days like last Thursday to complete the market’s correction. The widely attributed reason for the market’s decline is the belief that the FOMC will change the wording of their[. ] read

Two Weak Markets Still Dropping

As I speculated in Thursday’s column, “The outperformance of the Transports could be an early sign that the correction is close to over.” While the market’s performance was impressive yesterday, it will require further gains to confirm that the market’s decline is over. The A/D ratios were 3-1 positive on Thursday as the small-caps led the major averages higher with the Russell 2000 up 1.72% versus a 1.27% gain in the S&P 500 tracking Spyder Trust (SPY). Banks were even stronger as the KBW[. ] read

Energy Market Reforms Keep Mexico’s Optimism High Despite Oil Price Slump

Oil markets are grappling with volatility, major and minor companies are queuing up to announce capital expenditure cuts and the public is awash with market commentary predicting just about everything from an oil price slump to $20 per barrel to an imminent return to $100. One oil exporting jurisdiction is quietly, confidently and cautiously attempting to get its own house in order Mexico. read

The Week Ahead: Does Your Portfolio Need Adjusting?

The US stock market was not impressed with the details of the ECB stimulus plan and then sold off sharply Friday in reaction to the very strong jobs report. For February, 295,000 new jobs were added, considerably more than the estimate of 230,000. Bond yields rose sharply on the news and interest rate sensitive stocks bore the brunt of the selling. The impact of weaker crude oil prices and the strong dollar on earnings had many again questioning the strength of the US economy. After the jobs[. ] read

$20 Oil Rears Its Ugly Head

As the petroleum industry enters the historically weak second quarter with U.S. crude inventories at highs, the very real possibility that the price will drop sharply from current levels must be considered. Ed Morse of Citibank has suggested $20 is a possibility, and many others agree that a lower price could be in the cards, even if not that low. read

What’s Next For Gold And Silver?

Jesse Colombo That’s a great point and I will be watching it closely.

Mar 02, 2015 @ 12:27PM