April 30, 2021 By Steve Blumenthal “The question is, ‘Why do policies that have been shown to work so badly still get used so regularly?’ I have long maintained that Keynesianism is to Marxism and Socialism what diet cola is to the real sugary beverage. Hence, it falls neatly into the popular, [...]Read More >

By Steve Blumenthal April 28, 2021 S&P 500 Index -- 4,183 Posted each Wednesday, Trade Signals provides a summary of select Equity, Fixed Income, Sentiment, Economic and Gold market indicators. Market trends persist over time and stem from changes in risk premiums (the amount of return [...]Read More >

April 23, 2021 By Steve Blumenthal "Where ignorance is bliss, 'tis folly to be wise." – Thomas Gray British Poet, “Ode on a Distant Prospect of Eton College” I’m fortunate to be on the receiving end of a great deal of research. Some I pay for; some is available to all of us. I’m particularly [...]Read More >

By Steve Blumenthal April 21, 2021 S&P 500 Index -- 4,128 (open) Posted each Wednesday, Trade Signals provides a summary of select Equity, Fixed Income, Sentiment, Economic and Gold market indicators. Market trends persist over time and stem from changes in risk premiums (the amount of [...]Read More >

April 16, 2021 By Steve Blumenthal “Earnings don’t move the overall market; it’s the Federal Reserve Board.... Focus on the central banks and focus on the movement of liquidity.... Most people in the market are looking for earnings and conventional measures. It’s liquidity that moves [...]Read More >

By Steve Blumenthal April 14, 2021 S&P 500 Index -- 4,074 (open) Posted each Wednesday, Trade Signals provides a summary of select Equity, Fixed Income, Sentiment, Economic and Gold market indicators. Market trends persist over time and stem from changes in risk premiums (the amount of [...]Read More >

April 9, 2021 By Steve Blumenthal “Irrational exuberance is the psychological basis of a speculative bubble. I define a speculative bubble as a situation in which news of price increases spurs investor enthusiasm, which spreads by psychological contagion from person to person, in the process [...]Read More >

By Steve Blumenthal April 7, 2021 S&P 500 Index -- 4,074 (open) Posted each Wednesday, Trade Signals is a summary of select Equity Trade Signals, Investor Sentiment Indicators, Fixed Income Trade Signals, Economic Indicators (Select Recession and Inflation Watch Indicators), and [...]Read More >

By Steve Blumenthal March 31, 2021 S&P 500 Index -- 3,973 (close) Posted each Wednesday, Trade Signals is a summary of select Equity Trade Signals, Investor Sentiment Indicators, Fixed Income Trade Signals, Economic Indicators (Select Recession and Inflation Watch Indicators), and [...]Read More >

March 26, 2021 By Steve Blumenthal Once a quarter or so, I write about debt. We sit at the end of a long-term debt supercycle. Few of us have seen one before, though they have happened many times throughout history. The last was in the mid-1930s. Last week, my partner John Mauldin hit it out [...]Read More >

By Steve Blumenthal March 24, 2021 S&P 500 Index -- 3,919 (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 >

March 19, 2021 By Steve Blumenthal "This is not the end, this is not even the beginning of the end, this is just perhaps the end of the beginning." – Sir Winston Churchill On a warm summer's evening On a train bound for nowhere I met up with the gambler We were both too tired to sleep So [...]Read More >

By Steve Blumenthal March 17, 2021 S&P 500 Index -- 3,942 (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 >

March 12, 2021 By Steve Blumenthal “Cycles are inevitable. Every once in a while, an up- or down-let goes on for a long time and/or to a great extreme, and people start to say ‘this time it’s different.’” – Howard Marks, Co-Founder and Co-Chairman, Oaktree Capital Management Less spending, [...]Read More >

By Steve Blumenthal March 10, 2021 S&P 500 Index -- 3,898 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 >