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July 16, 2024
Fear is looming and the economy losing altitude. We will see what is happening on the markets, sharply down right across europe and thats after the escalation in the trade war between the us and china. A chill spreading across global stocks. We will getting the inside track on the past week in business including spending on a no deal brexit and the feds move to cut Interest Rates, thats all with our economics editor faisal islam. And asa economics editor faisal islam. And as a london pub reveals...
March 24, 2023
Follow @MrTopStep and @BretKenwell on Twitter and please share if you find our work valuable.Our ViewI want to take a break from the “View” today and change gears a little bit. A friend of mine, Cary from Artac Advisory, posted this great video yesterday talking about the continued strength in the US Dollar. As you know,
March 8, 2023
Follow @MrTopStep and @BretKenwell on Twitter and please share if you find our work valuable.Our ViewI am not the least bit surprised at how the markets fell yesterday and nor should anyone else. I am not going to repeat what I have said over and over. What I will say is, I had lunch with
March 7, 2023
Follow @MrTopStep and @BretKenwell on Twitter and please share if you find our work valuable.Our ViewCan the ES rally further? I guess. The ES rallied up to 4208.50 and sold off down to 3925.00. The 50% retracement of the move is ~4067, which we hit yesterday before the fade. They are not always right, but I
March 6, 2023
Follow @MrTopStep and @BretKenwell on Twitter and please share if you find our work valuable.Our ViewAfter 3 weeks of selloffs and failed rallies, the ES rallied 128 points in two days. It kinda works this way and that's why I didn't get overly bearish. It’s why on Wednesday, we wrote:“At some point, the market will
March 3, 2023
Follow @MrTopStep and @BretKenwell on Twitter and please share if you find our work valuable.Our ViewI knew early that selling the rallies was not working. The traction simply wasn’t there and again, it’s a sign that the market is frustrating the masses. The crowd was short — too short — the selling dried up after the
March 2, 2023
Follow @MrTopStep and @BretKenwell on Twitter and please share if you find our work valuable.Our ViewKeeping things short and simple for the View. The market continues to slowly trickle lower. Surprisingly, it’s frustrating both sides. The bulls are frustrated for obvious reasons: They are looking for a bounce that simply hasn’t materialized, as the S&P is
February 28, 2023
Follow @MrTopStep and @BretKenwell on Twitter and please share if you find our work valuable.Our ViewInterest rates are on the rise. Or at least, that’s the expectation. To quickly recap the last four weeks, the January jobs report came in stunningly hot (more than double economists’ expectations). Then the CPI, PPI and PCE reports all
February 27, 2023
Follow @MrTopStep and @BretKenwell on Twitter and please share if you find our work valuable.Our ViewAfter a solid rebound on Thursday, the ES posted its worst week of the year. The ES and NQ were weak going into January's PCE reading, which overshot economists’ expectations. We have written it 9 other times this month, but
February 25, 2023
Follow @MrTopStep and @BretKenwell on Twitter and please share if you find our work valuable.Our ViewYesterday's title, “S&P Sits on Vital Support” proved to be the case, as the index sifted lower, then erupted off the lows. The ES broke its longest losing streak in 2023 yesterday…but not by much or with all that much