Commentary Archives
There will be no commentary today, so please feel free to browse Kevin’s commentary archives at...
Read MoreThere will be no commentary today, so please feel free to browse Kevin’s commentary archives at...
Read MoreThere are- quite obviously- any number of reasons to be bearish with regard to the equity markets these days. In fact when we did a quick poll of a few retail brokers last week asking them what was the one thing that they simply...
Read MoreWe use the IMRA as a forum for our intermarket work and views and do our best to stay far away from such contentious topics and religion, politics, and global warming. Every now and then we will take a swipe at a central banker...
Read MoreWith the markets winding down in front of the holidays and year end we might as well go back over the same topic that we worked on in yesterday’s issue. At right we show two comparative views of crude oil futures and the...
Read MoreWe suspect that we might well be the first and only chart-based service that has created an entire body of work based on the ratio between the share price of Coca Cola (KO) and the S&P 500 Index (SPX). Of course many might...
Read MoreDec. 17 (Bloomberg) — Oil fell below $40 a barrel for the first time in more than four years as OPEC failed to convince traders that the glut in crude will diminish and the U.S. government said supplies climbed for the...
Read MoreDec. 16 (Bloomberg) — The Federal Reserve cut the main U.S. interest rate to as low as zero and said it will buy debt as the next step in combating the longest recession in a quarter-century and reviving credit. Dec. 16...
Read MoreLots of ‘news’ this week. Goldman Sachs reports earnings this morning with Morgan Stanley due on Wednesday. The Fed should cut the funds rate later today to .25% which will mark the lows for U.S. short-term interest...
Read MoreThe Fed begins a 2-day meeting today with the markets forecasting a 100% chance of a cut in the funds rate to .25%. Based on the Fed funds futures contracts this should bring the funds rate to the cycle bottom with the potential...
Read MoreWe had a very nice holiday but as usual have returned in a state of complete exhaustion. Nothing an actual night of sleeping horizontally won’t cure, however.We tend to spend most of our time working on the equity,...
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