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The Hangzhou Consensus At the conclusion of the Hangzhou Summit, the G-20 issued a 48-point communique. Forty-eight points are exceptionally lengthy for a communique, especially when every word in each point has to be unanimously agreed upon by all 20 attending member-nations. Multinational communiques are generally regarded as “apple-pie-and-motherhood” statements that have neither teeth nor […]

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G-20 Summit – The Turning Point [September 3, 2016] In the next few days, world leaders will gather in Hangzhou, China for the annual G-20 summit. Unlike previous gatherings, the international community is anticipating this summit to potentially mark an historic turning point. In my closer proximity to what has been going on, I think […]

SPX Chart 6.3.16

Best/Worst Performers: Week’s Best Performer: Shanghai Composite Index +4.2% Week’s Worst Performer: CAC 40 Index (2.1%) Hey, No Pressure :) Broader Market Commentary: Since Q4 of 2014, the S&P 500 has been trading in a clearly defined sideways channel with two tiers (an upper record-territory tier, and a lower consolidation/risk-off tier). The higher tier is a […]

S&P 500_5.06.2016

Best/Worst Performers: Week’s Best Performer: 10 Year Treasury Bond (Yield falling -3.8%) Week’s Worst Performer: Nikkei 225 Index (3.4%) Broader Market Commentary: Since Q4 of 2014, the S&P 500 has been trading in a clearly defined sideways channel with two tiers (an upper record-territory tier, and a lower consolidation/risk-off tier). The higher tier is a […]

SPX Chart 3.24.16

Best/Worst Performers: Week’s Best Performer: Nikkei 225 Index +1.7% Week’s Worst Performer: Crude Oil (4.1%) Broader Market Commentary: The S&P 500 broke its weekly winning streak, falling (0.7%) during the holiday shortened week. The benchmark index is finding some technical resistance around the 2,050 threshold, as it continues to create several different challenging technical headwinds. […]

S&P 500_03.11.16

Best/Worst Performers: Week’s Best Performer: WTI Crude Oil +9.7% Week’s Worst Performer: Shanghai Composite (2.2%) Broader Market Commentary: The overall broader market continues to churn higher, and is now breaching that pivotal 2,000 threshold on the S&P 500, which would catapult the S&P 500 into its higher 100-point trading range (2,000-2,100). While euphoria seemingly has […]

SPX Chart 3.4.16

Week’s Best Performer: WTI Crude Oil +9.6% Week’s Worst Performer: FTSE 100 Index +1.7% Gold is continuing to outperform Lumber on a rolling 13-week relative performance basis, however, Lumber jumped +9% this week making for a pivotal offense/defense performance matchup week coming up. The S&P 500 has had a tremendous run off its recent lows, […]