– By Fred Dunlap – We are ending the quarter today with the usual “window dressing,” where money managers and hedge funds buy up the hot, sexy names and discard the burros (sorry Valeant, Chesapeake and Qualcomm…) to then display to their investors the sexy names they have been invested in (albeit, perhaps for only an […]

– By Fred Dunlap – Then it’s probably a DOVE On Tuesday the world’s financial community went bird watching. Some were expecting to see hawks. Others were hopeful to spot doves. And then there were those in the energy sector who were focused on chickens. Not the ones who lay eggs, but the GAME of CHICKEN, […]

– By Fred Dunlap – I was wrong.  I admit it. In the most recent Newsletter (2/22/16), I suggested that we might be range bound for the foreseeable future, where the value of the S&P 500 would bounce around between 1800 and 1980. At the time of that Newsletter, the S&P was at 1945 and was […]

– By Fred Dunlap – Since Friday morning (10 days ago), the market has rebounded significantly. Many characteristics are emerging, those being signs of stabilization. Sure, the stock market indexes have soared over the last 6 trading sessions—that feels good. But the bond market appears healthier as well, with the yield on the 10-Year Treasury rebounding […]

– By Fred Dunlap – We are winding down the last hour of trading to a most brutal January. Yes, this has been a horrible start to the 2016 investment year. The only thing that has been going up it seems is the volume of hard liquor sold around Wall Street. So why do we need […]

– By Fred Dunlap – Yes, I know. I just published another Newsletter about an hour ago. But strange times require unusual measures, and with the precipitous drop in equity values earlier today (Wednesday, 1/13), I figured that I owed you a follow up on where we stand on the “Capitulation Watch.” The “Capitulation Watch”: A […]

– By Fred Dunlap – When commodities markets closed today, WTI Crude ended the session at $30.44/barrel. Yesterday it broke below $30/barrel for the first time in 13 years, before settling just above the mark. In our 12/20/15 Newsletter (“Why? Because I Just Have To…”), we discussed that there is a level where energy prices become […]