There Was No Need for a Rate Cut

On Wednesday, Federal Reserve Chairman Jerome Powell announced that the Fed had decided to cut interest rates by .25 basis points. The market was expecting .50 basis points and immediately sold off. In fact, the S&P 500 had its first breakout move above or below 1% in thirty-eight trading sessions...

By | August, 5, 2019|Categories: Articles, Featured|Tags: , , , , , , , , |0 Comments

Has the Big Bull Finally Hit the Wall?

On Friday March 9, 2009 I was playing golf with some friends on the Merit course in Palm Springs California when I got a call from my trading partner. He said that the DJIA had turned around and rallied over 300 points in the last hour of trading. 300 points is nothing today, but with the market trading around 6600 then it represented a 4% rally in less than an hour...

By | June, 14, 2019|Categories: Articles, Featured|Tags: , , , , , , , , , , |0 Comments