EOT Update
EOT Position Update – February 24, 2016
Market Snapshot Stocks continue to move in lockstep with oil. And volatility is increasing… over the last month, the S&P 500 has daily swings of more than 1% in 2 out of every 3 days. We’re also seeing sovereign wealth funds cash out of their stock holdings. Oil exporting countries that had been profiting from […]
EOT Position Update – February 17, 2016
Market Snapshot It’s been another crazy and unpredictable week for stocks. Right now, bulls are trying to defend the October 2014 low around 1,815 on the S&P 500. The initial bounce and follow up from the trend following computers has led to a 6.5% surge the last four trading days. But the large cap index […]
EOT Position Update – February 10, 2016
Market Snapshot Uncertainty is the name of the game these days. Falling oil prices, slowing economic growth, the Fed painting themselves into a corner with the promise to raise rate four times this year, and the US presidential election are all adding to investor fears and uncertainty. The mood on Wall Street is one of […]
EOT Position Update – February 3, 2016
Market Snapshot The January selloff caused significant damage to charts of the S&P 500. The large cap index has been making lower highs and lower lows over the last several months. The poor performance was offset somewhat by better than expected 4th quarter earnings. More than 70% of companies have beaten their EPS estimates. This […]
EOT Position Update – January 27, 2016
Market Snapshot Volatility in oil prices and energy stocks are driving this market. The US stock market has become highly correlated to oil and Chinese stocks. In other words, if oil and China are up, then US stocks follow suit. But if China and oil are down, US stocks follow them lower. This is unusual. […]
EOT Position Update – January 20, 2016
Market Snapshot Are we already in a bear market? Right now the S&P 500 is in the midst of its 2nd 10% correction in the last five months. We don’t see multiple corrections of this magnitude in such a short period of time very often. The last time it happened was 2008… right at the […]
EOT Position Update – January 13, 2016
Market Snapshot The selloff to begin 2016 is the worst since 1930. There’s no way to sugarcoat that… it’s just an awful start to the year. The selloff has hit the best performing stocks of 2015. Facebook $FB, Amazon.com $AMZN, and Alphabet $GOOGL have all seen their stocks move lower with the selloff. Right now, […]
EOT Position Update – January 6, 2016
Market Snapshot Happy New Year! Sort of… The Santa Claus rally didn’t deliver in 2015. Now financial markets around the globe find themselves in a post-holiday hangover. Markets from China to Europe and here in the US have all sold off in the first few days of 2016. Hopefully, 2016 is a better year than […]
EOT Position Update – December 16, 2015
Market Snapshot Ready or not… higher interest rates are here. The Fed is poised to end its zero-interest-rate policy (ZIRP) today. This policy has been in place since the 2008 financial crisis. Under ZIRP, the Fed has kept interest rates near 0%. They also used periods of quantitative easing or bond buying to help boost […]
EOT Position Update – December 9, 2015
Market Snapshot It has been a relatively boring week on Wall Street. More investors are moving back into wait-and-see mode. According to the AAII Investor Sentiment Survey, half of all investors see a flat stock market over the next six months. In short, investors aren’t overly bullish or bearish at the moment. As a result, […]
