No Day at the Beach

All in all, last week we saw modest equity market gains as a result of a singular theme; the reemergence of the tax reform narrative in Washington. That lift to the broader market was largely the result of outperformance by financials/banks. Tax reform narrative...

All Eyes and Ears on Jackson Hole Friday

The modest reset lower that we have seen materialize over the past two weeks may have more room to run on the down side. As we have discussed since mid-summer, the bull market’s sponsorship is thinning and the broader market is in need of a reset. This reset is...

The Hybrid Market: Ten Years After

by Louis G. Pastina and Daniel M. Labovitz It’s been ten years since the SEC radically overhauled the US equity markets through Regulation National Market System (NMS). Beyond merely modernizing markets, Reg NMS has fundamentally changed the way we trade. Reg NMS was...
Big Week on Tap

Big Week on Tap

This week’s economic calendar will provide investors with two very important data points: the FOMC Meeting/Announcement on Tuesday and Wednesday, respectively, and the initial Q2 GDP reading on Friday. With these two significant data releases on tap this week,...

The Tech Swoon – A Long Time Coming

“On a relative valuation basis, tech/software is expensive. Investors will look for relative value in financials during this period of rotation.” Readers of Kenny’s Commentary will recall this early analysis on Bloomberg Radio and Reuters TV:...

US economy to Federal Reserve: Take it easy

Yahoo Finance June 5, 2017 The release of the May Employment Report was disappointing for those expecting our robust employment narrative to remain intact, leading investors to question the predictability for the timeline of further Fed tightening in coming quarters....