Pivotal Month Ahead: For Today, New Month in-flows to Keep the Markets (Artificially) Up? In the absence of any major drivers, markets are mainly driven by exogenous factors such as the quarter end window dressing (yesterday), and potentially beginning of the month inflows today.   As we wrote on Friday morning, the SPX is stuck in (more…)

Quarter-end Window Dressing to Make for Choppy Markets Today? Markets are back to looking for major drivers to push them out of the meandering range that they have been stuck in for a while. In the meantime, today marks a quarter-end, and we can expect artificial factors at the bottom of some unpredictable moves in (more…)

Stuck in a Choppy Range The markets already appear to have moved on from the impeachment inquiry drama (or, trauma for some) with no real fallout (as we anticipated in our commentary here just the other day). Markets are back to looking for major drivers to push them out of the meandering range that they (more…)

Of Bulls, Bears, and Sheep The trading idea that the markets would end up rallying hard just as they did with the Bill Clinton Impeachment saga in 1998 seems to be an overcrowded trade already! There are bulls, there are bears and then there are sheep. And, the sheep always get trampled over in the (more…)

Impeachment Inquiry – Slippery Slope or Market Entry Opportunity? History does not quite repeat itself, but it can give those who study it some tools to make sense of the unfolding future. The market reaction yesterday to the anticipated announcement of impeachment inquiry paralleled that of the market reaction when Bill Clinton’s impeachment inquiry was (more…)