Author: Kevin Klombies

U.S. equities declined for the fourth consecutive day as the European Central Bank failed to reassure investors with regard to its near-term plans to stimulate economic growth. Or something like that. Frankly we suspect that...

The Federal Open Market Committee concluded its 2-day meeting with the usual dollop of Fed-speak. The markets sold off somewhat in response before hunkering down once in front of whatever decisions the European Central Bank...

Will the Fed disappoint the markets? Will the European Central Bank hammer the euro bears into submission? Does any of it really matter? Probably the best question is the final one. When ‘the markets’ sold off Asian...

A decade or so ago we were arguing rather relentlessly in favor of the commodity cyclicals. Given the relationship between the commodity currencies (i.e. Canadian and Australian dollars) and commodity prices we were also very...

The euro rallied yesterday and in response the equity markets stopped declining. At right is a comparison between the euro futures and the S&P 500 Index. We have shifted the chart comparison between the TBond futures, German...

The problem with running the same chart presentation too many days in a row is that we run out of things to write about. It gets somewhat boring stating the same details time and time again so… one might argue that this...

We are going to start out today with the same chart comparison that we used in yesterday’s issue. The reason has less to do with a lack of inspiration and somewhat more to do with… relevance.Here and there small...

We tend to focus primarily on potential trend changes but since trends seem to last far longer than one thinks possible it makes sense to spend a bit of time showing what the current trend actually is. In past issues we have...

From time to time when we are looking at a chart we see similarities between an earlier period or, perhaps, a completely unrelated market. Such was the case today as we stared at the chart of the Japanese yen futures. To us it...

After watching commodity prices rise to a bubble peak at the start of the 1980’s, Japanese asset prices to incredible levels into 1990, and then the Nasdaq into yet another bubble in 2000 we came up with the notion that...