If you’re trying to visualize today’s move from the Fed then look no further than the Fed Funds Futures curve.  Just 24 hours ago the curve was a full 25 …

The latest reading from the Credit Suisse Risk Appetite Index shows that we are now out of the “panic mode”. In fact the index is back to the pre-crisis (of 2011) levels.

Portugal remains vulnerable, with the bond market looking increasingly pressured this week.

It seems challenging to interpret the continued discrepancy between the current level of US interest rates along with the current levels of risky assets. The VIX has dropped, realized volatility is low, credit spreads have tightened in and the equity market is close to its 3+ year highs…yet the 30 year treasury yield seems anchored to about 3%:

The market rally on Wednesday was driven in part by a surge in housing stocks, which was triggered by a favorable housing report. Since the fundamentals of the housing market are not too thrilling, regardless of short-term gains, my curiosity was piqued and I pulled up some charts.

A recent Sober Look post discussed the apparent “dislocation” between US equities and treasury yields. Here is another potential dislocation. The chart below shows gold prices plotted against the 5-year SovX Western Europe (SovX WE) spread.

This morning’s inflation data showed signs of a trend I started predicting back in September of last year – the return of disinflation.  Disinflation is a decline in the annual …

Like small investors (see here), advisors are largely bullish.  It appears as though the fears of recession have now turned into a near unanimous optimism.  The latest Investor’s Intelligence survey …

Investor sentiment tends to move in broad cycles.  One of my favorite ways to gauge this cycle is using my Wall of Worry indicator which sums a number of different …

The Ratio Adjusted Summation Index (RASI) is back up above +500, and that is a bullish piece of news. It takes a sustained period of positive breadth numbers to achieve this, and I like to say that gobs of positive breadth is almost always a good thing.