March 5, 2021 By Steve Blumenthal “No generation has a right to contract debts greater than can be paid off during the course of its own existence.” – George Washington to James Madison (1789) New week, same poker game. Powell studied the table and played his hand. I hold, he said. No change in [...]Read More >

By Steve Blumenthal March 3, 2021 S&P 500 Index -- 3,881 (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 26, 2021 By Steve Blumenthal "The ratio of the price of copper to the price of gold is a great inflation indicator. Copper has rallied a great deal while gold is slightly down. This tells us the U.S. 10-Year Treasury should be at 2.25% right now." – Jeffrey Gundlach, Founder, [...]Read More >

By Steve Blumenthal February 17, 2021 S&P 500 Index -- 3,885 (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 [...]Read More >

February 19, 2021 By Steve Blumenthal "Infrastructure spending is the one major area of agreement, and with Modern Monetary Theory, soaring federal deficits and debt are no obstacles. More federal stimulus is likely but worried consumers will probably use most of it to rebuild assets and reduce [...]Read More >

By Steve Blumenthal February 17, 2021 S&P 500 Index -- 3,918 (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 [...]Read More >

February 12, 2021 By Steve Blumenthal "Trying to figure out if the economy is in recession is like trying to assess if you had a fever after you just took a large dose of aspirin… But as with frogs in water that is slowly being heated to a boil, investors are being conditioned not to recognize [...]Read More >

By Steve Blumenthal February 10, 2021 S&P 500 Index -- 3,900 (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 [...]Read More >

February 5, 2021 By Steve Blumenthal “Stay away from high quality fixed income securities. It's a bubble. People are very bullish on equities because of where interest rates are. If they go even lower, you ought not to be that bullish.” - Leon Cooperman, Chairman & CEO, Omega Advisors No, [...]Read More >

By Steve Blumenthal February 4, 2021 S&P 500 Index -- 3,750 (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 [...]Read More >

January 29, 2021 By Steve Blumenthal “Rule number 1: Don’t lose money. Rule number 2: Don’t forget rule number one.” - Warren Buffett Over a very long period of time, value stocks have beaten growth stocks. Of course, there were moments when growth beat value. That’s evident in the top section [...]Read More >

By Steve Blumenthal January 27, 2021 S&P 500 Index -- 3,750 (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 [...]Read More >

January 22, 2021 By Steve Blumenthal "Bull markets are born on pessimism, grown on skepticism, mature on optimism, and die on euphoria." – Sir John Templeton, Investor, Mutual Fund Manager, Philanthropist Euphoria is here... I remember the call I received in early 2007. “Steve, it’s Mark. [...]Read More >

By Steve Blumenthal January 20, 2021 S&P 500 Index -- 3,798 (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 [...]Read More >

January 15, 2021 By Steve Blumenthal “We're in uncharted waters... Nobody has gotten by with the kind of money printing now for a very extended period without some kind of trouble. We're very near the edge of playing with fire." – Charlie Munger, Vice Chairman, Bershire Hathaway Last year, [...]Read More >