Collateral Damage

I have become aware of new information about what may be preventing the REPO market from operating properly.  Despite emergency Fed intervention, the REPO market continues to have trouble meeting cash demands.  It may not be a liquidity problem after all, it appears to be a problem with collateral. The following example from Fed Governor […]

Dightman Capital – Q4 Outlook

U.S. stocks have experienced a strong recovery in 2019 but the increase in volatility the last several months is a concern.  If stock indexes can hold current gains, they will deliver solid double-digit returns for the year despite sputtering trade progress with China and political turmoil in Washington DC.  While political developments can lead to […]

A Divided Market

There are clearly opposite views on the market right now.  After a fabulous day for all three indexes yesterday, not to mention the performance of many leading stocks, some commentators remain committed to the idea we are headed for a recession. A week ago, recession fears were plastered on the front pages of all the […]

Stock Market Struggles, Recession Threat Minimal

Yesterday the market experienced a follow-through day according to Investor’s Business Daily, only to open sharply lower today and continue lower most of the day.  Overall, the action today increases the odds this correction is going to continue but there is little evidence, if any, we are going into a sustained bear market or recession. […]

The Fed Is A Hostage

The Fed is on the verge of a new cycle of cutting interest rates.  This free Macro Watch video, from Richard Duncan Economics, explains what has forced this important shift in Monetary Policy and what lower interest rates could mean for the stock market and the price of gold. Dightman Capital subscribes to Richard Duncan’s economic […]

Q2 2019 Market & Economic Review

Volatility returned to the U.S. stock market during the second quarter of 2019.  By the end of May, broad U.S. stock indexes were below levels from the start of April.  The S&P 500 actually traded below its 200 day moving average before a rally kicked off in June which ultimately delivered gains for the quarter. […]

Will A Trade War Take Down The U.S. Stock Market?

What is the biggest risk? The U.S. stock market is under pressure on concerns over US/China trade talks.  Last week stocks attempted a recovery, but a breakdown in trade talks has increased selling pressure this week. Given the circumstances, U.S. stocks have held up well.  The topic is not new; the market has had time […]

Q1 2019 Market & Economic Review

U.S. stocks experienced a strong rally in the first quarter of 2019.  The biggest performance driver came from the Federal Reserve pausing their interest hikes.  Between 2017 and 2018 the Fed raised the Fed Funds rate approximately 8 times and until recently expected to continue raising rates into 2019.  The sell-off in Q4 was largely […]

Spare Us the GDP Agony – Brian Wesbury, First Trust

Real GDP grew at a 2.6% annual rate in the fourth quarter, and while some analysts are overly occupied with this “slowdown” from the second and third quarter, we think time will prove it statistical noise.  Even at 2.6%, the pace is a step up from the Plow Horse 2.2% annual rate from mid-2009 (when […]

Inspiring Podcast by Great Investing Minds

Check out this podcast by one of our top investment providers, ARK Investment Management.  In Episode 9 of FYI (For Your Innovation) you are going to hear from three people.  The conversation is led by moderator James Wang (ARK Analyst) as he facilitates a conversation between Catherine Wood (ARK CEO/CIO) and Dr. Art Laffer (Laffer […]