Daily Archives: February 18, 2016

Yesterday on day 3 of another sharp rally, my partner Cory Venable observed that short-covering might push the S&P to near term resistance in the 1925 area (mid dotted line below).  Today, that seems to be holding (so far at … Continue reading →

First we had 30 years of slashing policy interest rates and lending requirements every time consumer spending slowed (1980-2010). When low rates stopped driving spending at the targeted rate, policy makers led 7 years of holding rates near zero (ZIRP) … Continue reading →