April 3, 2020 By Steve Blumenthal “There are no new eras—excesses are never permanent.” – Bob Farrell Bob Farrell’s 10 Rules for Investing I went to sleep last night with more hope in my heart then I’ve felt over the last several weeks. These days, I’ve been feeling more like Eeyore than [...]Read More >

By Steve Blumenthal April 1, 2020 S&P 500 Index -- 2,471 Posted each Wednesday, Trade Signals looks at several of my favorite equity market, investor sentiment, fixed income, economic, recession and gold market indicators. Market trends persist over time and stem from changes in risk [...]Read More >

March 27, 2020 By Steve Blumenthal "We entered into the current crisis with a whole financial system that had been incentivized by policymakers to take on excessive levels of debt and leverage. The turmoil we are seeing right now is the result of the unwinding of this leverage. The primary [...]Read More >

By Steve Blumenthal March 25, 2020 S&P 500 Index -- 2,564 (close) Posted each Wednesday, Trade Signals looks at several of my favorite equity market, investor sentiment, fixed income, economic, recession and gold market indicators. Market trends persist over time and stem from changes in [...]Read More >

March 20, 2020 By Steve Blumenthal “I am proposing that we do not think outside of the box. We must get rid of the box.” – John Mauldin This week’s piece was hard for me to write. How does an optimist keep their spirits up? I’m OD’ing on the news and with coffee in hand early this morning, I [...]Read More >

By Steve Blumenthal March 18, 2020 S&P 500 Index -- 2,398 (close) Posted each Wednesday, Trade Signals looks at several of my favorite equity market, investor sentiment, fixed income, economic, recession and gold market indicators. Market trends persist over time and stem from changes in [...]Read More >

March 13, 2020 By Steve Blumenthal “We didn’t know then, just like we don’t know now, how long or how sharp or shallow of a downturn we will face.” - Alfred Lin, Partner, Sequoia Capital Sequoia Capital is a venture capital firm that invests in early stage businesses, providing seed or series [...]Read More >

By Steve Blumenthal March 11, 2020 S&P 500 Index -- 2,791 Posted each Wednesday, Trade Signals looks at several of my favorite equity market, investor sentiment, fixed income, economic, recession and gold market indicators. Market trends persist over time and stem from changes in risk [...]Read More >

March 6, 2020 By Steve Blumenthal “It will take considerable time — perhaps several quarters — before we can be confident that the virus has been contained. It will take even longer for the global economy to recover its footing.” - Letter from Sequoia Capital to Founders and CEOs of its [...]Read More >

By Steve Blumenthal March 4, 2020 S&P 500 Index -- 3,003 Posted each Wednesday, Trade Signals looks at several of my favorite equity market, investor sentiment, fixed income, economic, recession and gold market indicators. Market trends persist over time and stem from changes in risk [...]Read More >

February 28, 2020 By Steve Blumenthal “I hope nobody took President Trump’s “buy the dip” investment advice… The disruption to economic activity due to the coronavirus will be ongoing.” - David Rosenberg, Founder, Chief Economist, and Strategist, Rosenberg Research and Associates This morning, [...]Read More >

By Steve Blumenthal February 26, 2020 S&P 500 Index -- 3,116 Posted each Wednesday, Trade Signals looks at several of my favorite equity market, investor sentiment, fixed income, economic, recession and gold market indicators. Market trends persist over time and stem from changes in risk [...]Read More >

February 21, 2020 By Steve Blumenthal “While no one wishes to incur losses, you couldn’t prove it from an examination of the behavior of most investors and speculators. The speculative urge that lies within most of us is strong; the prospect of a free lunch can be compelling, especially when [...]Read More >

By Steve Blumenthal February 19, 2020 S&P 500 Index -- 3,389 (open) Posted each Wednesday, Trade Signals looks at several of my favorite equity market, investor sentiment, fixed income, economic, recession and gold market indicators. Market trends persist over time and stem from changes in [...]Read More >

February 14, 2020 By Steve Blumenthal "Investing is the intersection of economics and psychology.” "The economics, the valuation of the business, is not hard. The psychology—How much do you buy? Do you buy it at this price? Do you wait for a lower price? What do you do when it looks like the [...]Read More >