The Latest Breaking News from Powell

It’s been a while since I talked to anyone enjoying the recent stock market action. Too volatile. Too illogical. No real trend. All true. However, the more we understand why this is happening the easier to diagnose what will happen from here and how we can trade our way to…

Investors are not buying the idea the Fed won't cut — not even a little bit.

The Federal Reserve is grappling with a hazier economic picture clouded by turmoil in the banking industry and still-high inflation just as it meets to decide whether to keep raising interest rates or declare a pause

It's been another doozy of a week for the S&P 500 (SPY). We had Fed Chair Jerome Powell giving his semiannual testimony before the Senate Banking Committee. We had the latest job openings summary from January. We had a surprise run on a bank in Silicon Valley push the entire…

Did you ever really buy the bullish argument touted by some to start the new year? Yes, it was an amusing fable that has now lost its luster as the bears are firmly back in charge as proven by the break below the 200 day moving average for the S&P…

The two unusually fiesty exchanges were a preview of what is likely to be a key dynamic.

Bulls took the early lead in 2023...yet as more cards are flipped over it looks like bears are going to take the pot once again. Let’s discuss the recent changes that are pointing to more downside ahead for the stock market (SPY). Better yet, 40 year investment veteran Steve Reitmeister…

The S&P 500 (SPY) has been sloshing around in the trading range between 4,000 and 4,200 for the past month. However, bulls have gotten 3 straight strikes against them that may point to a looming breakout to the downside. Let’s review the growing evidence that bears are likely to come…

The Fed is on a war path against inflation. The longer they stay hawkish, the more likely a recession forms…the more likely stocks (SPY) tumbling lower. In February there have been 2 clear strikes against the bulls. And Thursday potentially brings strike 3. What is it? What does it mean?…

From today's decision by the New York intermediate appellate court in Smartmatic USA Corp. v. Fox Corp.: The causes of action for defamation were based on significant allegations that defendant Giuliani (and defendant Powell, against whom the action has been dismissed) made defamatory statements about plaintiffs' involvement in the 2020…

Unfortunately, we're back to our ol' 2022 pattern of "wait and see," where the S&P 500 (SPY) kind of churns sideways until the next big CPI report or Fed meeting. But there are three things I'm watching for over the next few weeks. Read on to find out what they…