In 1994 when I did an internship on Wall Street with many of the top technical analysts I learned many important lessons. One that stands out is that a market is a sum of its parts. If you are going to forecast a market index
There has been a lot of talk recently about the similarities between the 1987 period and today. The current market volatility looks a lot like the period before the 1987 market crash. Like today, economic growth was strong, inflation pressures were rising, and the economy
My friend and technical analyst Richard (Dick) W. Arms Jr. (January 12, 1935 – March 10, 2018) passed away peacefully last week. We pay our respects this week by looking at a few indicators that Dick created in a celebration of his life’s contribution to
This week we have Tim O’Brien, Analyst and VP Industrials, Global Corporate division of Dominion Bond Rating Service (DBRS). A few months ago I made a comment on air that credit analysts are often well behind the curve; meaning they don’t change their credit rating
Germany has finally formed a coalition government and the far-right AfD (Alternative for Deutschland) is not the official opposition. Current poling has their support now higher than Merkel’s coalition partner SPD. In Italy, we saw the Eurosceptic alternative M5S party and other hard right parties
Looking out over the next year at what the most likely economic scenario is should help to position your portfolio. When making longer-term forecasts you have to start with some assumptions. The most reasonable assumption is that the Fed will be raising rates, possibly a
There are several indicators and behaviors I like to see to suggest a trading bottom has developed. First, and most important, we need to see strong oversold conditions in market breadth indicators. One of my favorite is the McClellan Oscillator. It looks at the trend
In a word, yes. First you need to understand that the media uses the term “ETF” (Exchange Traded Fund) to describe pretty much any exchange traded mutual fund (believe it or not ETFs are technically mutual funds that are tradable like stocks). ETFs have been
Far be it for me to disagree with the likes of Bill Gross, Jeff Gundlach, Ray Dalio and others, but I think we are likely seeing a cyclical bump, not a secular shift in the interest rate outlook. There is no doubt rates will rise
After Day 1 of the Inside ETFs 2018 conference, I have a few takeaways for BNN viewers. Bitcoin ETFs exist in Sweden (not coming to the US anytime soon), Blockchain ETFs are out (BLOK – Amplify Transformational Data Sharing ETF), we are expecting one in