by Tony Dwyer | Aug 10, 2022 | How I See It
The significant upside surprise in the nonfarm payroll data from Aug. 5—which showed job growth of 528,000 jobs versus the consensus expectation of a 250,000 gain—reinforces our view expressed on Aug. 1: “Our four indicators that guide us in recognizing...
by Tom McClellan | Jul 27, 2022 | How I See It
If we look at the classic version of the McClellan Volume Summation Index in this week’s chart, then there is some reason for the bulls to have hope. There is a slight bullish divergence right now, with prices having made a lower low. The Summation...
by Larry McMillan | Jul 13, 2022 | How I See It
At the beginning of 1973, the Dow (no one paid much attention to $SPX back then) made a new all-time high, trading up to 1,067. The Barron’s Roundtable, a survey of top money managers and brokerage firm analysts, was published at the beginning of 1973...
by First Trust | Jun 22, 2022 | How I See It
The Federal Reserve raised rates by three-quarters of a percentage point (75 basis points, or bps) on June 15, the most at any meeting since 1994 and exactly the move Chairman Jerome Powell was dismissive about in early May after the last meeting. As a...
by Tony Dwyer | Jun 8, 2022 | How I See It
We continue to believe the summer rally has further to go as bond yields stabilize after a historically poor performance. We have been talking about how similar the current environment is to the Federal Reserve-induced volatility in 1994 and 2018. In...
