Author: Kevin Klombies

One of our recurring themes has been that downward pressure will come from Europe and Asia with upward pressure on cyclical growth emanating from gains in U.S. employment. The problem is that weekly U.S. jobless claims have...

The S&P 500 Index is currently mired in its longest losing streak since May ostensibly due to concerns about corporate profits. If it isn’t one thing then it is another.We have argued on occasion that quarterly trends...

We noticed the following comments on Bloomberg.com yesterday, ‘Goldman Sachs Group Inc. and Bank of America Corp. say a weaker-than-forecast June jobs gain in the U.S. will lead the Federal Reserve to keep its benchmark...

We attempted to make the argument last month that the only bearish outcome for equities in general would be a very strong bond market. If bond prices simply flat-lined near the highs set at the end of May then the consumer and...

We commented near the start of last week that we were having trouble being bearish given our sense that cyclical asset prices could pivot higher at almost any time. As it turned out ‘any time’ was on Friday.(Reuters)...

The ‘news’ was no help yesterday as the markets reacted negatively to the Supreme Court’s health care ruling while U.S. weekly jobless claims declined slightly to 386,000. Some believe that any reading above...

From Bloomberg.com yesterday, ‘U.S. stocks advanced, rebounding from yesterday’s selloff, as optimism about the housing market tempered concern about a worsening of Europe’s debt crisis.’ With the U.S....

The problem that we have with being negative here is that it appears to us as if the cyclical trend could explode to the upside at almost any time. Of course, our view of ‘any time’ is measured in weeks or months...

Following the tepid weekly U.S. jobless claims report last Thursday asset prices went into a nose dive. We have been arguing for some time that negative pressure is coming from Europe and Asia while positive pressure reflects...