The BEAR MARKET For Equities Shifts Into High Gear (Charts of the Day 5)

Equity Indexes All Make New 52 Week Lows Following the expected interest rate hike yesterday, EVERY MAJOR STOCK MARKET INDEX MADE NEW 52 WEEK LOWS.   The anticipated BEAR MARKET is asserting itself with a vengeance.  Nearly 1000 stocks made new lows as well.  This is NOT a “Correction”. Many observers continue to fail to […]

Read more

Will The Federal Reserve’s Rate Hike Prove One Too Many?

The Fed’s 9th Rate Hike is Virtually Certain This Week Last week’s economic news was very good.  For the month of November, the Consumer Price Index (CPI) was ZERO, reducing the annual rate to a very tame 2.2%.   In addition, retail sales were better than expected, following a great October. (https://www.census.gov/retail/index.html). The CPI  increased […]

Read more