Market Overview

Stocks had another choppy session yesterday, but that will likely change today with the passing of quarterly options expiration. The market has been pinned between 5,600 and 5,700 all week. However,...

S&P 500 managed to gain back almost exactly on Wednesday what they lost on Tuesday, finishing the day up about 1.1% to close essentially unchanged at Monday’s close at 5,675. The equity market...

As former European Central Bank president Mario Draghi once said: "In a dark room, you move with tiny steps. You don't run, but you do move." Recent events over the last few weeks have reminded us of...

The Fed’s March meeting comes at a pivotal moment. While rates are expected to hold, investors will dissect Powell’s comments on recession fears and Trump’s trade policies. Clear communication by...

The surge in macro uncertainty related to tariffs, including the possibility of a global trade war, has complicated the Fed’s already difficult task of setting interest rates to accommodate an...

S&P 500 steady as US debt soars past defense spending. Here's what major has happened in the last seven days in charts. S&P 500 Corrections Are Generally Good Buying Opportunities Goldman...

The recent downshift in estimates for US economic output in the first quarter persists, based on the revised median nowcast for a set of analytics compiled by CapitalSpectator.com. The sluggish...

It has been an interesting correction. The average retail investor was “buying the dip” despite having an extremely bearish outlook. This is an interesting point because, as shown, the retail...

We haven’t had to change our subjective probabilities for our three alternative economic scenarios for quite some time. We are doing so today and may have to do so more frequently in coming months or...

In a must-read new report, my friends at Goehring & Rozencwajg write, “A major shift in the global monetary system may be imminent. History offers a clear precedent: every past commodity bull...

This will be an interesting week. After all, the S&P 500 is not often down for five consecutive weeks, so one has to think this might be the week the market attempts a rebound. From what I can...

Human stupidity is the one thing you can rely on in financial markets. I recently read a great piece by Joe Wiggins at Behavioral Investment, which discusses why “Investing is hard.” The entire...

The S&P 500 fell on Thursday, March 13, closing 10.1% below its previous peak – a decline that many analysts define as a “correction,” which is a slide ranging from 10% to 20%. A “bear market,”...

In hindsight, markets are easy to assess, yet extremely challenging to forecast. For example, as we will show, it’s undeniable that value, particularly large-cap value stocks, have been in vogue...