Please Stand By

Why is the Market Going Haywire?

With markets moving and volatility picking up, the investment team has had some lively discussions recently. When turbulence breaks out there is often a tangled web of items to sort through in determining what is the major driver. Our summary view is that we’ve had a collision between complacent markets that have lost momentum as…

Golden Crosses and Death Crosses

It is commonplace in the business news community to talk about ‘Golden Crosses’ and ‘Death Crosses’. If you’re unfamiliar with these terms, they refer to moving averages (MA) crossing each other. More specifically they describe the movement of a security’s short term MA moving above the long term MA (Golden Cross) and the short term…

Economics and the Problem with Assumptions

Two of the most destructive forces for the economy are the words “let’s suppose” and the use of the = sign. When we put the two together, they form a combustible combination that gives seemingly well-intentioned and rational investors the power to disintegrate assets at will. This is because investors have a desperate need for…

Nattering Nabobs of Negativism

Ed Yardeni is President and Chief Investment Strategist of Yardeni Research. He has been a leading commentator on the economy and financial markets for 25 years, and his daily column has been required reading for Pinnacle analysts for years. Yardeni (at least for the time we’ve been reading him) is known for being generally optimistic…