Author: Kevin Klombies

We are going to combine the two-year lag, markets relentlessly coming back ‘on trend’, and the thesis that we will see upward pressure on yields into the autumn of 2012. As well we will tuck in an argument in favor...

The Fed began to tighten credit conditions in mid-2004. We grant that a number of sectors turned lower that year as short-term yields started to rise but the bulk of the cyclical themes held positive until late 2005 or into the...

As we go back and forth through the markets working on various relationships we usually (hopefully) end up with some idea of what we believe is going on. Since we tend to process information visually (hence the charts) our...

For as difficult as it is to believe there will come a time when the Fed will start to raise the funds rate. It won’t be this week of course but it may well be some time this year. Most economists believe that the...

The first three sections of today’s issue are going to deal with our thesis regarding how the markets are going to evolve over the next year or two. We are not writing that this is exactly how things are going to unfold...

Let’s see. A definite lack of strength in the Asian equity markets with a tinge of real weakness in Chinese share prices. A weaker dollar supporting rising commodity prices with trend line support for currencies like the...

It really has felt like a ‘sell the news’ equity market this month. Our problem is that while a market that keeps rising feels like an accident waiting to happen we haven’t had any particular reason to be...