Author: Kevin Klombies

We are going to do something fairly imaginative today. We use the term ‘imaginative’ because the chart comparison at right is both macro in nature as well as something of a stretch. Still, we thought it might be...

We are going to attempt to cover- quickly- the four outcomes for the equity markets that appear most likely at this time. We have done all of these in one form or another in the past but we thought we would try to put them all...

May 1 (Bloomberg) – Crude oil rose to a four-week high as U.S. consumer confidence improved and manufacturing shrank at the slowest pace in seven months, signaling that the recession will end later this year. We tend to...

April 30 (Bloomberg) – Crude oil rose, capping a third monthly gain, on signs that the global economy and fuel demand will recover this year… Crude-oil supplies rose 4.05 million barrels to 374.7 million barrels...

April 29 (Bloomberg) – U.S. stocks climbed, pushing the Standard & Poor’s 500 Index toward its best month since 2000, as company earnings topped forecasts, and investors speculated that bank losses peaked....

We are going to start things off today by showing an example of two of how the markets work through a cyclically strong trend.Below we show the chart for FreePort McMoRan (FCX) along with the chart of copper futures prices minus...

We are going to return to the 2-year lag argument today.Below are the same three charts that we showed on Friday with the only difference being that we are using somewhat shorter time periods for the comparison. The argument is...

We continue to believe that the equity markets will resolve somewhat higher into May. The ‘stop’ on this view is weakness in the Canadian dollar sufficient to bring it back to test or even break support at the .7700...

Quick note: We are going to be AWOL again from Friday through all of next week. We will send out an IMRA issue for Thursday and then it is off to a series of high-level meetings (tequila and scuba diving but not, of course, at...

The simple point is that the equity markets went down with weakness in the cyclical sectors- including the major financials- and is recovering as these sectors start to rebound. As long as the market has a taste for...