September 23, 2022 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 September 21, 2022 S&P 500 Index -- 3,856 Posted each Wednesday, Trade Signals provides a summary of various Equity, Fixed Income, Sentiment, Economic, and Gold market indicators. Market trends persist over time and stem from changes in risk premiums (the return [...]Read More >

September 16, 2022 By Steve Blumenthal "The process starts with inflation. Then it goes to interest rates, then to other markets, and then to the economy." - Ray Dalio, Founder, Co-Chief Investment Officer, and Member of the Bridgewater Board The process is in motion. Over the last several [...]Read More >

By Steve Blumenthal September 14, 2022 S&P 500 Index -- 3,932 Posted each Wednesday, Trade Signals provides a summary of various Equity, Fixed Income, Sentiment, Economic, and Gold market indicators. Market trends persist over time and stem from changes in risk premiums (the return [...]Read More >

September 9, 2022 By Steve Blumenthal “I fish to scratch the surface of those mysteries, for nearness to the beautiful, and to reassure myself the world remains.” - Carl Safina The islands of Haida Gwaii, formerly known as the Queen Charlotte Islands, sit in the northern Pacific, off the coast [...]Read More >

By Steve Blumenthal September 7, 2022 S&P 500 Index -- 3,909 Posted each Wednesday, Trade Signals provides a summary of various Equity, Fixed Income, Sentiment, Economic, and Gold market indicators. Market trends persist over time and stem from changes in risk premiums (the return [...]Read More >

Aug 26, 2022 By Steve Blumenthal "Anyone who thinks there’s a formula for investing that guarantees success (and that they can possess it) clearly doesn’t understand the complex, dynamic, and competitive nature of the investing process." – Howard Marks, Oaktree Capital Group, LLC A short post [...]Read More >

By Steve Blumenthal August 25, 2022 S&P 500 Index — 4,199 Posted each Wednesday, Trade Signals provides a summary of various Equity, Fixed Income, Sentiment, Economic, and Gold market indicators. Market trends persist over time and stem from changes in risk premiums (the [...]Read More >

Aug 19, 2022 By Steve Blumenthal "The Federal Reserve Acts were created to make the central bank of the United States a lender of last resort, not spender of last resort, a role Chair Powell confirmed in announcing the pandemic response program April 9, 2020.” – Dr. Lacy Hunt, Hoisington Research [...]Read More >

By Steve Blumenthal August 18, 2022 S&P 500 Index -- 4,274 Posted each Wednesday, Trade Signals provides a summary of various Equity, Fixed Income, Sentiment, Economic, and Gold market indicators. Market trends persist over time and stem from changes in risk premiums (the return [...]Read More >

Aug 12, 2022 By Steve Blumenthal "U.S. consumers were soaking up all the cheap stuff the world had to offer: the asset rich, benefiting from decades of QE, bought high-end stuff from Europe produced using cheap Russian gas, and lower-income households bought all the cheap stuff coming from China. [...]Read More >

By Steve Blumenthal August 11, 2022 S&P 500 Index -- 4,207 Posted each Wednesday, Trade Signals provides a summary of various Equity, Fixed Income, Sentiment, Economic, and Gold market indicators. Market trends persist over time and stem from changes in risk premiums (the return [...]Read More >

Aug 5, 2022 By Steve Blumenthal "MP3 reflationary policies injected massive amounts of money and credit into economies, leading to self-reinforcing high nominal growth, leading to self-reinforcing inflation, leading to an abrupt shift in market discounting from a benign monetary policy to a [...]Read More >

By Steve Blumenthal August 3, 2022 S&P 500 Index -- 4,070 Posted each Wednesday, Trade Signals provides a summary of various Equity, Fixed Income, Sentiment, Economic, and Gold market indicators. Market trends persist over time and stem from changes in risk premiums (the return [...]Read More >

July 29, 2022 By Steve Blumenthal “The Yellen Fed was peak Fed. Peak, not in the sense of maximum balance sheet expansion, but in the sense of maximum faith and maximum zealotry that the Fed’s three toolboxes—short-term interest rates, balance sheet operations, and communication policy—could [...]Read More >