Category: Timely Market Commentary

“The bravest are surely those who have the clearest vision of what is before them, glory and danger alike, and yet notwithstanding, go out to meet it.” – Thucydides Welcome to the Great Tranquility ladies and gentlemen.  Now start getting very afraid. As Charlie Bilello (Twitter: @CharlieBilello) noted recently, the S&P 500 hasn’t had a […]

“Between calculated risk and reckless decision-making lies the dividing line between profit and loss.” – Charles Duhigg Anyone else remember how scary the first few weeks of 2016 were? I know – feels like forever ago.  We went from the worst start for stocks in history to what has thus far been a pretty decent […]

“Every painting I do is related to the last one: it may be a continuation of a previous painting or it may be a reaction against it.”—William Scott Over the last few weeks, I’ve been making the case that inter-market trends suggest we are in the midst of a “melt-up” driven by exactly the right […]

“I think there’s a part in each one of us that wants the impossible to happen, and that’s what surprises are.” – Gina Carano It’s time to consider the very real possibility that we are in the early stages of a cyclically led, emerging market driven melt-up for risk assets. Don’t talk to me about […]

Amazing what a difference a day makes.  On Tuesday of last week, I wrote the below article which was set to be published on for the following day.  Unfortunately, there were some technical issues during the submission process, and I got too busy to try to re-submit the writing Thursday.  It turns out with […]