Archive for April 25th, 2012

Short-term Forecast for April 25, 2012

| April 25, 2012

Stock Market Rebound Alters Likely Short-term Scenario The S&P 500 index closed sharply higher today, returning to recent short-term highs below long-term highs of the cyclical bull market from 2009. Technical indicators are now neutral to slightly bearish overall on the daily chart, suggesting that direction is in question with a slight downward bias. With […]

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Confirmed Short-term Signal: 10-year Treasury Note Yield Cycle Analysis

| April 25, 2012

A cycle low signal was generated today, indicating that the alpha low (AL) of the current short-term cycle likely formed on April 23. A weak rebound followed by a move below the AL would reconfirm left translation and favor additional short-term weakness. Alternatively, an extended advance that approaches the last short-term cycle high (STCH) would […]

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The Inflationary Consequences of Current Monetary Policy

| April 25, 2012

We often reference the massive structural imbalance being introduced into the economy by current monetary policy at the Federal Reserve. By keeping rates artificially low for so many years, the Federal Reserve is creating an unsustainable situation of a historic character. One way to fully appreciate the magnitude of the imbalance is to review the […]

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