Kurt Kallaus's Blog

Author

Kurt Kallaus is the author of Exec Spec and the KDelta trading model for stocks and all commodity futures. In the 1980’s, with a business degree and having worked in manufacturing, Kurt Kallaus engaged with a private Investment Partnership specializing in commodities and stock indexes.

He was certified a Commodity Trading Adviser (CTA) in 1985 to provide advice and services related to trading in futures contracts, commodity options and swaps.

Kurt Kallaus launched the Exec Spec advisory newsletter with the onset of the great 1982 Bull Market. Along with a broad economic and long term perspective on the economy and major investment markets, Exec Spec’s unique breakout pattern trading model KDelta was created.

Setting Up for a First Quarter Market Low

Jan 7 – With stocks having sold off roughly 20% from their October peak, the market has already priced in some global weakness as well as slower earnings and GDP growth in the US. While uncertainty remains, we continue to forecast...

Frackers, Trump, & OPEC

Dec 21 – Frackers rule! The House of Saud may want to stabilize Brent Oil above $60 or $70 a barrel, but OPEC and Russia no longer control prices and haven’t since the 2015 energy recession. Every time OPEC cuts production they essentially transfer that lost output as a gift to...

China Trade Tea Leaves: Deal or No Deal

Dec 7 – Concerns over the escalating U.S. – China trade war that could cause earnings to downgrade to contagion in 2019 has been a major factor in lower stocks prices. The S&P 500 and Dow stock indices just finished their third test of the...

No Trade Deal With China Means Weaker Stocks and GDP

Nov 6 – Stock prices will stay on the defensive in the months ahead due to the trade dispute between China and the U.S., peak profit margins and downward earning growth forecasts. The equity bull market can be sustained and a recession can be avoided...

Patience Needed When Stock Market Breaks 200-day Moving Average

Oct. 30 - The current market correction is down roughly 11 percent intraday from the Oct. 3 peak and six percent below the point when this moving average was broken, so statistically there is time and price potential for more pain in the months ahead...

Stock Market Correction Echoes of 2016 Election

By Kurt Kallaus – Our expected October correction mirroring 2016 allowed for a matching 7.4% drop as in 2016 and, so far, October 2018 didn’t disappoint with an almost identical drop of 7.9%. While higher interest rates and concerns of contagion...

Best Factory Job Growth in 34 Years

By Kurt Kallaus – Trump’s claim of bringing back American manufacturing jobs is boastful but does have some truth. Since the manufacturing halcyon days of the 1970s, the US dollar was allowed to depreciate and cheap labor abroad sent US...

Will Phillips Curve Revenge Trigger Inflation?

By Kurt Kallaus – Today’s near record low unemployment should support a robust economic expansion but has confounded economists expecting worrisome inflation. The inflation to unemployment sensitivity was strong in the 1960s and 1970s...

Buyer Beware in October

By Kurt Kallaus – With oil surging to an October peak and perhaps the most contentious mid-term election in history on November 2nd, we posit that stock prices are moving into a trading range with a corrective trend starting as we inch closer to the election...

Are Investors Tired of Winning?

By Kurt Kallaus – We are a couple years into a new net-asset expansion phase today, thus exit signs for stocks become more important over the next year. With the sentiment and wealth surge amidst rising tension with China just before the mid-term elections...

Economic Optimism Peaks Long Before Equities & GDP

By Kurt Kallaus – Recently concern has risen over a pending low in unemployment data among other signs of a major stock market and economic top. While a bit presumptuous to assume unemployment can’t go much lower...

Extreme Home Prices, Not a Mortgage Bubble

By Kurt Kallaus – Toll Brothers stock, one of the largest home builders, is down a whopping 35% from its peak this year as housing prices keep reaching new astronomical heights. The median home price in Tribeca, Manhattan is over...

Breadth Supports Stocks, Sentiment Still Neutral

By Kurt Kallaus – The broad-based S&P 500 and Russell Indices are hitting multi-month highs while the tech-heavy Nasdaq has been reaching record peaks with regularity this year. Despite the Wall of Worry over China Trade...

Are Trump’s Manufacturing Jobs Coming Back to America?

By Kurt Kallaus – The 300,000 manufacturing jobs already created under Trump plus the 900,000 since 2010 is a nice rebound for the factory sector. It’s the longest and strongest job growth period since the 1960s. However, the big picture is that a return...

Economy Still Has FAANGs

By Kurt Kallaus – Everyone knows Tech has led the stock market higher since Trump was elected and 2018 has again demonstrated strong tech leadership. The resplendent tech vanguard is dominated by the $3.3...

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