View From the Hill: Look for the Devil in the Details of Tax Reform Plan

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Comments Tax reform and a strong durable goods report were bullish catalysts for today’s equity markets. Taking exception were bonds, which made new lows as 10-year treasury rates confirmed a higher probability that Fed Chair Yellen will make good on yesterday’s word to hike in December. Consequently, US Dollar power surged to levels overwhelming the […]

Weekly Capital Markets Technical Analysis Summary: June-2-2017

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Stocks: US Equity indexes continued to make new highs, with exception of the Transports which are attempting a key bullish reversal after a recent price correction. Russell-2000 small caps also failed to achieve a new high and may be encountering some resistance. Lately, the real standout has been the interest rate sensitive Utilities index, which cleared […]

View From the Hill: Positive Economic Data and Gains Misleading As Volume Says Otherwise

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Market Commentary: August-3-2016 Some positive economic data releases gave bears a chance to pause. Starting with Germany, which is the EU’s locomotive engine for growth, it reported robust PMI readings @ 55.3 for Composite levels and 54.4 for Services. Signs of expansion and ongoing strength were also apparent in the EU region overall based upon […]

View From The Hill (Mar-14-2016): Equities Decouple From Oil and Take Cues From Central Banks

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Commentary The decoupling between equities and energy is becoming more pronounced. Today, WTI Crude Oil fell nearly 3% as Iran refused to concede any production cuts until returning to its pre-sanction level of 4 million barrels per day. In lieu of this, equities barely budged as they await cues from Tuesday’s monetary policy announcement by the […]