Kurt Kallaus's Blog

By Kurt Kallaus – In mid-October President Trump will be required to certify the Iranian Nuclear compliance once again or push to nullify the multi-nation Nuclear Arms Treaty. Already the US has presented evidence of an unrelated UN Security Council resolution...

By Kurt Kallaus – There is no question that the stock market is richly valued and the economic expansion since the 2008 mortgage debt panic has endured far longer than normal cycles. Recent pessimism has arisen with major Banks and...

By Kurt Kallaus – The Global Economy began a new expansion phase in 2016 after the Oil market exited a severe 2-year recession. We have highlighted many examples of improving financial risk, new records highs in leading indicators and...

By Kurt Kallaus – As the North Korean threats continue escalating, the US has sent a colloquial response “full of fire and fury the world has never seen” that signaled institutions to take some stock market profits. Some bullies will say...

By Kurt Kallaus – The wall of worry continues to propel stocks higher as this long plodding economic expansion is assumed to be in the later innings. With low-interest rates and slow growth, many are still waiting for the full-throated recovery to manifest.

By Kurt Kallaus – The “earnings season” is the period each quarter when the vast majority of corporate earnings are reported. The bulk of the stellar gains in the stock market this year have occurred around earnings season. Alcoa typically kicks it off...

By Kurt Kallaus – US and global stocks remain in a secular Bull market. Major averages from around the world confirm the strength we see in our country boosted by strong earnings and guidance. Tech stocks have trounced value companies and...

By Kurt Kallaus – Consumer Credit Card default rates have “surged” to 4-year highs. Capital One reported its largest write off since 2011 due to credit card delinquencies. Discover Card loan loss provisions in the 1st quarter 2017 rose a whopping 38%...

Bull markets in stocks tend to rise in the face of a wall of worry. For years we have been hearing about this overvalued stock market – it’s lasted too long, risen too far, printing money will lead to inflation, margin debt is too high...

Copper and oil are important barometers of economic direction. The weather vane for copper’s direction isn’t as much supply, but demand. Chinese industrial activity and the commitment of traders are important demand side tells to observe.