Author: Scott Hoffman

It’s Fed watch day; the meeting announcement is due at 1:15 PM Chicago time.Durable goods came in better than expected; they were up 1.8% for May when they were forecast to show a loss of 0.8%.We’ll also get new home...

Profit taking is the order of the day as markets retrace yesterday’s moves.Moody’s reiterated the AAA rating on US government debt. Existing home sales are out at 9 AM, there’s a 2 Year T Note auction today,...

Stocks are down sharply this morning.Friday’s action told us to look for a selloff and told us it could be big; let’s take a look at the chart. Looking at the chart, I drew a line to momentum.I look at two period...

The World Bank released a report predicting the world economy will drop by 2.9% this year, and said that world trade will drop by 7.9% (a downward revision from a 2.3% loss).They did say they think a recovery may begin H2.This...

Stocks are higher on followthrough optimism from yesterday; traders are still feeling the love from yesterday’s Philly Fed and jobless claims reports.Treasuries are flat, trying to find the appetite for the torrent of...

I’m writing this earlier than normal; I’m out of the office today.Stocks are trading slightly higher after two days of losses. CPI is out at 7:30, it’s expected to have risen by 0.3% in May, the core rate is...

Markets are undoing what they did yesterday, to varying degrees.Housing starts were stronger than expected, PPI was better than expected.A lot of it still hinges on the Dollar; I contend the Dollar is in an up trend; as such,...