Discussion - Downward pressure on global equities and bonds continued for most of the last week into the quarter-end. US equities staged a nice rally on October 1st, painting a bullish reversal candle on the SPY chart. It seems likely that rebalancing flows into the...

Discussion - U.S. equity prices whipsawed on the week, dropping early and recovering almost exactly to the 20-day exponential moving average as measured by the instrument SPY. Bonds prices moved down sharply but remained near the bottom of a roughly defined range on...

Discussion - Global equities, including the S&P 500, remained under pressure last week while the bond complex generally, remained in consolidation. The S&P 500, as expressed by the ticker SPY, closed below the 50-day moving average. Going back to November...

Discussion - Equities retreated last week while bonds remained within a consolidation pattern. The pullback in the S&P 500 took the index below its 20-day exponential moving average. In the past several months, moves below the 20-day EMA have been buying...

Discussion - Global equities ripped higher last week while the bond complex generally consolidated in a range. Chart price action across multiple instruments suggests market participants believe that growth will remain strong and inflation under control. It is as...

Discussion - Global equities performed well during the last week while the bond complex generally consolidated in a range.The Conference Board's Leading Economic Index registered a substantial increase in July, suggesting the real economy is performing well.The most...

Discussion - Broader U.S. equities as measured by the ticker SPY corrected early in the week and then recovered sharply towards the end of last week. U.S. equity market price action contrasts with many global markets ex-U.S., which sold off last week without reprieve....

Discussion - Broader US equities as measured by the ticker SPY closed at record highs last week, while technology sector stocks as measured by the ticker XLK remained rangebound. This dynamic is not particularly surprising nor concerning.As measured by the ticker BND,...

Discussion - U.S. equities broke higher out of their recent trading range while bond prices corrected sharply lower. Bond price action was quite the show last week as bond prices squeezed above recent highs and then promptly sold off. Price action in bonds coming into...