About Me

Retired chief investment officer and former NYSE firm partner with 50 plus years experience in field as analyst / economist, portfolio manager / trader, and CIO who has superb track record with multi $billion equities and fixed income portfolios. Advanced degrees, CFA. Having done much professional writing as a young guy, I now have a cryptic style. 40 years down on and around The Street confirms: CAVEAT EMPTOR IN SPADES !!!

Wednesday, March 01, 2017

SPX -- Daily

Buy side trading discipline has been cast to the wind and indicators warning of a substantial
short term overbought condition in the market have been waived off. Market timing is out
and chasing them up is in. There is as yet no economic growth  visibility past mid - year, 2017
and all the Trump / GOP Congress programs are being nudged further into the future and
worse, are laced with fallacious "single entry bookkeeping" by the Street and various analysts.
there is a lot of heavy political and logical thought lifting to be done in the months ahead.
SPX Daily

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