Bob Eisenbeis's picture

As expected, the FOMC ended its purchases of additional securities at the end of October. There are five noteworthy points in the statement this time. First, the FOMC painted the picture of a moderately growing economy...

Chris Puplava's picture

There are times when the market needs to catch its breath after a strong run to adjust to a changing macro environment—this is one of those times. Last year’s near 30% run in the S&P 500 was sure to be a tough act to follow with the end of QE and the prospect of Fed rate hikes coming closer into view.

Chris Puplava's picture

How the markets behave in the coming weeks will go a long way to help determine if the September-October correction was the start of a new bear market or just a normal correction in a bull market...

FS Staff's picture

Last Wednesday, the markets reversed course after experiencing a long-awaited 10% correction from their September highs. The consensus view seems to be that this was a healthy and much-needed correction, and not the beginning of a new bear market...

FS Staff's picture

Didier Sornette from ETH Zurich uses one of the world’s largest supercomputers to track bubbles in the market; Brian Pretti of Contrary Investor says stocks corrected because global central banks are dropping the QE baton; Eric Hadik warns a massive number of cycles are converging and...

Cris Sheridan's picture

The long awaited 10% correction that everyone was looking for finally took place. The S&P 500, Dow, and Nasdaq all hit record highs on September 19th before steadily falling to their most recent lows on Wednesday, October 15th...

FS Staff's picture

What is the general feeling and outlook among top market technicians right now? Robin Griffiths spoke with Financial Sense Newshour this past week as the International Federation of Technical Analysts met in London and said, “no one is expecting a crashing wipeout right now"

Chris Puplava's picture

The damage done to the markets is far greater than what appears on the surface as major indices have only experienced mild pullbacks. However, looking at the average decline among thousands of stocks listed on U.S. exchanges and within large indices reveals a stealth bear market occurring.

Ryan Puplava CMT's picture

It has been a wrenching month to hold energy stocks with the dollar rising steadily in August and in September, pushing commodity prices down. Gold has fallen from $1320 to as far as $1183. West Texas Intermediate has fallen from $100 a barrel to $86.50 at the time of this report.

Cris Sheridan's picture

Bad news was good news on Wednesday as minutes from last month’s Fed meeting gave traders reason to expect a slower liftoff on rate hikes in light of global growth concerns and a strengthening dollar.

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