Policy Driven Markets are Treacherous

roulette

Volatility in the stock market is rising, intraday swings more violent, and high-to-low ranges increasing. The lurching action of the market is not driven by fundamentals, it’s difficult to profit from, and disconcerting. There isn’t a single item to pinpoint with respect to market angst, rather, a combination of factors, leading to manic sentiment changes. […]

ISM sinks to post-2009 lows; Industrial Economy Recession a Catch 22 for Fed

industrial

November ISM sank to the lowest level since 2009. Stunning, that the ISM (Institute for Supply Chain Management) survey, formerly known as NAPM (National Association of Purchasing Managers), printed 48.6, the lowest level since the throes of the financial crisis.¬†For perspective, the last time the ISM printed sub-48, in June 2009, the S&P was 900.¬†Today, […]