Panic Selling

Here is an indicator I developed back in 2016 designed to detect panic selling that is so severe, it creates a crescendo wave. Here is the criteria: 4 out of …

Performance of Stocks Experiencing Buybacks

Yesterday, I wrote about equity flows and mentioned how corporations were buying back massive amounts of stock. I want to expand on that a bit. First, announced buybacks have set …

Worst December Start Since 1931? Not quite

It’s been a rough start to the month (unless you’re a subscriber to our Three Easy Factors service). As bad as it’s been, there have been some misleading stats bandied …

Fed Tightening During Market Weakness

For the past 35 years, it’s pretty rare for the Fed to tighten when the US stock market is as weak as it has been lately (S&P 500 is down …

My thoughts on the looming Fed meeting

As my long-term clients have known since way back in 1997 (when I first revealed my super-simple market timing system), I am a staunch believer in the power of the …

Largest equity outflows ever recorded

Those bearish individuals put their money where their mouth was. BAML measures ETF inflows and outflows, and as you can see, investors sucked a record amount of money from equity …

Oil Prices Are Falling

If this is a supply-related decline, not a problem. But if it’s a demand issue, then we should all be nervous. Because when an economically sensitive commodity declines this much, …

Three easy factors yield curve

Powell finally gets it. Hopefully not too late. The yield curve was narrowing rapidly these past few weeks, as short rates continued to climb in anticipation that Powell meant what …