May 20, 2022 By Steve Blumenthal “I can complain because rose bushes have thorns or rejoice because thorn bushes have roses.” ― Sir John Templeton, Templeton Plan: 21 Steps to Personal Success and Real Happiness There were a lot of thorns in the stock market this week. To put the recent [...]Read More >

You can sign up to receive John's weekly free macro-economic letter here.  Now, on to the letter...  A Little Harder, by John Mauldin 5-13-22 Habib & Stockton: Mortgages in Recession Resource Security Panel Gavekal Times Three Friedman: Transition Point Bianco, Boockvar, and [...]Read More >

By Steve Blumenthal May 18, 2022 S&P 500 Index -- 3,924 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 investors [...]Read More >

May 13, 2022 By Steve Blumenthal “We are in pre-recession, we are going into recession, and where the Fed goes from there I’m not sure.” – Dr. Lacy Hunt, Executive Vice President, Hoisington Investment Management The 2022 Strategic Investment Conference concludes today. In this missive, I’ll be [...]Read More >

By Steve Blumenthal May 11, 2022 S&P 500 Index -- 4,016 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 investors [...]Read More >

May 6, 2022 By Steve Blumenthal “MP3 reflationary policies produced massive injections of money and credit into economies, leading to high nominal growth, leading to self-reinforcing inflation, leading to a tightening of monetary policy which is now just beginning. Stagflation is the big risk and [...]Read More >

By Steve Blumenthal May 4, 2022 S&P 500 Index -- 4,163 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 investors [...]Read More >

April 29, 2022 By Steve Blumenthal “This is not the only time in his­tory that they’ve been be­hind, but they are strik­ingly be­hind. They need to catch up and do it in a sys­tem­atic and un­der­stand­able way.” – John Taylor, Mary and Robert Raymond Professor of Economics, Stanford University, [...]Read More >

By Steve Blumenthal April 27, 2022 S&P 500 Index -- 4,184 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 >

April 22, 2022 By Steve Blumenthal “This is not the only time in his­tory that they’ve been be­hind, but they are strik­ingly be­hind. They need to catch up and do it in a sys­tem­atic and un­der­stand­able way.” – John Taylor, Professor of Economics at Stanford University, and the George P. [...]Read More >

By Steve Blumenthal April 20, 2022 S&P 500 Index -- 4,459 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 >

April 15, 2022 By Steve Blumenthal “The focus on ‘peak’ headline numbers shouldn’t overlook that price increases are digging in and broadening.” – John Arthurs, Senior Editor for Markets, Bloomberg I'm writing you this morning from Snowbird, Utah. With around 20 inches of snow having fallen over [...]Read More >

By Steve Blumenthal April 13, 2022 S&P 500 Index -- 4,446 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 return investors [...]Read More >

April 8, 2022 By Steve Blumenthal “Financial conditions need to tighten. If this doesn’t happen on its own (which seems unlikely), the Fed will have to shock markets to achieve the desired response. This would mean hiking the federal funds rate considerably higher than currently anticipated. One [...]Read More >

By Steve Blumenthal April 6, 2022 S&P 500 Index -- 4,483 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 return investors [...]Read More >