DOG News and Press, ProShares Short Dow30 From 09/29/21

Financial markets tumbled on the Monday preceding the meeting. The projections provide further evidence of progress towards the Committee’s inflation objectives but not quite as strong as had been expected. It was clear that uncertainty about the path for the Delta variant ...

US equities have not been having a bad time recently, but have certainly been struggling to go higher. China's slowdown, Evergrande contagion worries, supply chain disruptions, energy price surges, an appreciating dollar, rising Treasury yields, US debt ceiling anxiety, lingering Covi...

The Consumer Confidence Index from The Conference Board fell again in September, falling 5.9 points or 5.1 percent to 109.3. September was the third decline in a row and puts the index 19.6 points below the June 2021 peak. Both major components of the index fell for the month. The...

Valuations are high and need to contract. The Fed is tapering and that will tighten financial conditions. The market internals are everything but healthy. For further details see: The S&P May Rise To 5,000 Someday, Just Not Anytime Soon

Given the Fed’s ongoing balance sheet operations, investors fully believe they have protection from a decline. As is always the case, the investing public believes future earnings will justify higher prices during a melt-up. It just never works out that way. While it is ess...

The race toward the Fed’s taper start deadline took an interesting turn last week. Unless the market’s playbook has been permanently rewritten and higher interest rates are no longer the bane for higher stock prices, the bull market may now be living on borrowed time. ...

New orders for durable goods rose again in August, gaining 1.8 percent, the 15th rise in the last 16 months. Total durable goods orders are up 16.9 percent from a year ago. Durable goods orders continue to be strong, particularly the core capital goods components. For furthe...

So, we recently got the 5-10% pullback I warned about, but investors still seem jittery about the stock market. Just because Fed policy will be less loose in the future does not make it tight. There are still plenty of dollars in the system to drive stock prices substantially high...

The S&P 500 yet again survived a challenge of its key uptrend. The Federal Reserve helped catalyze the rebound from another shallow pullback. However, as an interesting caveat, the S&P 500 broke one key predictable pattern in place since the market collapsed at the beginni...

Dow 40000! Yes, it will eventually happen. Such should not be surprising given the massive amounts of global liquidity chasing fewer assets. The problem with being “bullish all the time” is that it is also perilous. A vast difference exists between an “index&#...