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Why do we call these things “corrections”?

Maybe I have been looking at different data releases than the rest of the market, but I don't see what all the fuss is about. I understand payrolls were a few thousand short of expectations - but +209k is highly respectable. And the 3mth, 6th and 12mth moving averages...

That elusive 6 handle is finally back

Just a quick note post GDP and pre FOMC. Today's GDP report resolved the much discussed discrepancy between the IP/employment data and the output data. Of course the strong data won the battle and that is worth celebrating. The hater community will now need to do some...

A double or a donut? I’ll take the double

Last week the S&P500 touched a new record high of 1991.39. Within the coming weeks it is highly likely we will surpass the psychologically important level of 2000. So this got me thinking - how much time will it take before we see a doubling of the S&P to its next...

War and Prosperity

On Sunday I tuned into "This Week" with George Stephanopoulos for the first time ever. I used to love "This Week" with David Brinkley, but given the barrage of information which has become available from internet and social media sources over the last 10-15 years,...

Turn down for what

One of this summer's biggest clubbing hits is a tune from Li'l John and DJ Snake entitled "Turn down for what". It's basically a song about keeping the party going, with Li'l John singing over and over again - "Fire up that loud/Another round of shots". It's a catchy...
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