May 31, 2019 By Steve Blumenthal “With the yield curve (3-month Treasury Bill vs. 10-year Treasury Note) now inverted on a more sustained basis, one can expect more downward pressure on equities, more volatility and more credit spread widening.” – David Rosenberg, Chief Economist & [...]Read More >

By Steve Blumenthal May 29, 2019 S&P 500 Index -- 2,783 Posted each Wednesday, Trade Signals looks at several of my favorite stock, investor sentiment and bond market indicators.  Market trends persist over time and stem from changes in risk premiums or the amount of return investors demand [...]Read More >

May 24, 2019 By Steve Blumenthal “What we know about Fed tightening cycles is that they always expose and then expunge the bubble they created during the previous period of monetary expansion. I can take you back a century and show it to you. It’s like Mary Shelly’s Frankenstein… build up the [...]Read More >

By Steve Blumenthal May 22, 2019 S&P 500 Index -- 2,856 Posted each Wednesday, Trade Signals looks at several of my favorite stock, investor sentiment and bond market indicators.  Market trends persist over time and stem from changes in risk premiums or the amount of return investors demand [...]Read More >

May 17, 2019 By Steve Blumenthal “The only outcomes are an orderly restructure or unorderly restructure [of the debts].” - William White Former Chief Economist of the Bank for International Settlements The Bank for International Settlements (BIS) is known as the central banker’s banker. [...]Read More >

By Steve Blumenthal May 15, 2019 S&P 500 Index -- 2,820 Posted each Wednesday, Trade Signals looks at several of my favorite stock, investor sentiment and bond market indicators.  Market trends persist over time and stem from changes in risk premiums or the amount of return investors demand [...]Read More >

May 10, 2019 By Steve Blumenthal "Corrections happen during growth-rate cycle slowdowns, they don't require a recession." - Lakshman Achuthan, Economic Cycle Research Institute On Sunday afternoon, I fly to Dallas to attend the 16th annual Mauldin Economics Strategic Investment Conference (SIC). [...]Read More >

By Steve Blumenthal May 8, 2019 S&P 500 Index -- 2,879 Posted each Wednesday, Trade Signals looks at several of my favorite stock, investor sentiment and bond market indicators.  Market trends persist over time and stem from changes in risk premiums or the amount of return investors demand [...]Read More >

May 3, 2019 By Steve Blumenthal “Forty decades of a single market environment tends to create bad investing habits. U.S. interest rates have steadily fallen since 1981. Investors have consistently benefited from using long-term bonds and taking interest rate risk.” – @movement_cap I remember [...]Read More >

By Steve Blumenthal May 1, 2019 S&P 500 Index -- 2,952 Posted each Wednesday, Trade Signals looks at several of my favorite stock, investor sentiment and bond market indicators.  Market trends persist over time and stem from changes in risk premiums or the amount of return investors demand [...]Read More >

April 26, 2019 By Steve Blumenthal “As an investor, you make the most money when you do things that other people aren’t willing to do, like taking risks others shun. Attractive investment opportunities arise when you spot some security or some part of the market being ignored and you come to the [...]Read More >

By Steve Blumenthal April 24, 2019 S&P 500 Index -- 2,934 Posted each Wednesday, Trade Signals looks at several of my favorite stock, investor sentiment and bond market indicators.  Market trends persist over time and stem from changes in risk premiums or the amount of return investors [...]Read More >

April 19, 2019 By Steve Blumenthal “Peace is its own reward.” - Mahatma Gandhi This week’s post is holiday-weekend short. Grab that coffee and find your favorite chair. You’ll find a simple chart that shows the history of cyclical bull and bear markets (with returns before and after inflation). [...]Read More >

By Steve Blumenthal April 17, 2019 S&P 500 Index -- 2,878 Posted each Wednesday, Trade Signals looks at several of my favorite stock, investor sentiment and bond market indicators.  Market trends persist over time and stem from changes in risk premiums or the amount of return investors [...]Read More >

April 12, 2019 By Steve Blumenthal "The economy is a collection of emotions." - Kenneth Langone Speaking to first-year NYU medical students, Kenneth G. Langone and his wife, Elaine, stepped to the podium. Their announcement shook the room. “From this point on, NYU Medical School is tuition-free [...]Read More >