March 2, 2018 By Steve Blumenthal   “The greatest mistake of the individual investor is to think that a market that did well is a good market rather than a more expensive market.” - Ray Dalio  “Volatility is an instrument of truth, and the more you deny the truth, the more the truth will [...]Read More >

By Steve Blumenthal February 28, 2018 S&P 500 Index -- 2,738 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 >

February 23, 2018 By Steve Blumenthal “Remember teamwork begins by building trust. And the only way to do that is to overcome our need for invulnerability.”  ― Patrick Lencioni The Five Dysfunctions of a Team: A Leadership Fable I know I frustrate my team more often than I care to admit.  My [...]Read More >

By Steve Blumenthal February 21, 2018 S&P 500 Index -- 2,716 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 >

February 16, 2018 By Steve Blumenthal “Volatility fires almost always begin in the debt markets… Volatility is the brother of credit… and volatility regime shifts are driven by the credit cycle.” “When times are good and credit is easy, a company can rely on the extension of cheap debt to [...]Read More >

By Steve Blumenthal February 14, 2018 S&P 500 Index -- 2,677 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 >

February 9, 2018 By Steve Blumenthal “We are replaying an age-old storyline of financial bubbles that has been played many times before…” “This market’s current temperament feels so much like either Japan in 1989 or the U.S. in 1999. And the events that have transpired so far this January make [...]Read More >

By Steve Blumenthal February 7, 2018 S&P 500 Index -- 2698 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 >

February 2, 2018 By Steve Blumenthal “An error does not become truth by reason of multiplied propagation, nor does truth become error because nobody sees it." - Mahatma Gandhi Once a month I like review my recession watch indicators.  Why?  In recessions bad stuff happens.  Excesses in the [...]Read More >

By Steve Blumenthal January 31, 2018 S&P 500 Index -- 2,837 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 >

January 26, 2018 By Steve Blumenthal “For the first time in a very long time, there’s reason to be optimistic about fundamentals gaining enough traction to validate asset prices.” “The world I’m describing is a world in which even the long-term investor has to have a tactical layer on top of the [...]Read More >

By Steve Blumenthal January 24, 2018 S&P 500 Index -- 2,839 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 >

January 19, 2018 By Steve Blumenthal “Happiness is not something readymade. It comes from your own actions.” Dalai Lama Whatever business you might be in, you’ll probably agree with me that a critical key to your success is sales.  Of course, you need great product, great team members and [...]Read More >

By Steve Blumenthal January 17, 2018 S&P 500 Index -- 2,776 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 >

January 12, 2018 By Steve Blumenthal “Anyone who started investing after 1981 has never experienced a bear market in Treasuries. But with short-end Treasury yields now at their highest levels since 2008, and the 10-year yield threatening to break out of its long-term trend channel, could this be [...]Read More >