Author: Scott Hoffman

The ADP employment report showed a drop of 697K in payrolls for January, worse than expected.Talk of a new stimulus plan by the Chinese is improving market sentiment this morning.The ISM non-manufacturing report is out at 9 AM,...

Pending home sales were weak, and Bernanke’s testimony didn’t do anything to help sentiment.As is usually the case lately, the markets sell off when government officials are on TV. Geithner is supposed to be on to...

Gold prices have shed nearly 10 percent since their high on February 20, and it appears that there are lower prices to come for the time being. Investor interest in the Gold ETF is waning, and volume on the ETF has risen as its...

As stocks fall to new lows, it’s natural to start looking for a bottom. Conventional wisdom is that lows are often made in a selling climax and capitulation as the last bulls throw in the towel.Bottoms are often signalled...

US stock index futures are slightly higher-taking a break from selling off.Most other trade can be explained by the recovery in stocks.Pending home sales are at 9 AM Central, crude inventories at 9:30 AM. March S&P:Momentum...

Stocks, and in turn most everything else, is getting smashed today. ISM was bearish on balance. The headline number showed an increase, but new orders and employment both fell. The AIG mess is casting a new pall over the US...

Personal Income and Spending were both a bit stronger than expected; PMI is out at 9 AM and is more important.The market’s are continuing their pattern of bearish reactions to government bailouts (AIG). March S&P:717...