It Never Pays to Trade the Headlines

It’s always something… Today Putin, last week it was the Fed and inflation, and for so long before that, it was COVID…  the headlines du jour.  Most of it is baked into the price of stocks, bonds, or commodities by the time journalists turn your attention to it anyway.  So please tell me, when has…

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Is This Signaling a Cautionary Tale?

There’s one ratio chart you don’t want to miss right now. It’s one to focus on over the coming days and weeks ahead. I’ve been saying this most of the year.  Don’t be fooled by what you think you see out of the cap-weighted S&P 500 index… Most stocks are either grinding sideways or have…

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Consumer Goods: A Tale of Two Sectors

Market volatility since February 2018 has led many to ask: “Have we been experiencing corrections within a bull market… or is it the beginning of a bear market?” That seems to be THE question on everyone’s mind. First, let’s dispense with the obvious: there’s no crystal ball, and no way to know for sure. However,…

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