The Money Runner
The Fed Needs a Communications Czar!
By David Nelson, CFA In November of 2013 former Fed Chair Ben Bernanke made a speech describing his efforts over the last eight years to “make the Federal Reserve more transparent — and, in particular, to make monetary policy as transparent and open as reasonably possible.” The transparency he describes has morphed into a stream of consciousness narrative […]
Line in the Sand for the S&P 500 Redux
By David Nelson, CFA After the steep declines last week and the complete drubbing in the tech heavy NASDAQ markets are deeply oversold. However, an oversold market on its own is hardly an investment theme. The slightest spark could send us a few hundred points higher but it’s going to take more than dovish comments […]
Fed’s New Mandate
By David Nelson, CFA Wednesday, the FOMC released the minutes from their September meeting giving stocks their biggest one day gain of the year. If you aren’t sure if this was a Fed induced rally a quick look at the S&P intraday chart is all the confirmation you’ll need. All of this must be pretty […]
I Love Gold!
By David Nelson, CFA Anyone who has followed me for the last couple of years knows I’m a long term Gold Bear. I think the Bear Market started in 2011 and could last for several more years. Even Bear Markets have rallies and yesterday’s release of the Fed’s FOMC Minutes may have set up a […]
HP Splits in Two – Sell the News!
By David Nelson, CFA Something was bound to happen at HP so it seems fitting we’d get a breaking story of a large reorganization just days before their analyst meeting on October 8th. For weeks there have been rumors Hewlett Packard (HPQ)* was considering a merger with EMC (EMC). Apparently those talks broke down. I […]
Line in the Sand for the S&P 500
By David Nelson, CFA Obviously yesterday was an uncomfortable one for the bulls. Whenever we get sell offs like this we all become chart gazers looking for levels of support. Where can we draw that line in the sand? For more than a year the 120 day has been a pretty good place to start. […]
2 Trends Investors Can’t Ignore – Alpha Select Update
By David Nelson, CFA Alpha Select – September 2014 Update *Alpha Select – September (-1.50%) YTD +10.93% **S&P 500 – September (-1.55%) YTD +8.1% * Net of Fees ** Includes Dividends September frustrated both Bulls and Bears as momentum in either direction was short lived. It’s clear a stealth correction has been taking place most […]
S&P 500 – The Only Game In Town
By David Nelson, CFA Yesterday’s selloff really started the night before with comments from China’s Finance minister saying that despite weakening economic indicators there would be no policy changes. In other words China was willing to live with less growth. At least for yesterday investors here weren’t willing and we saw selling across the board […]
