Macro David Keller Macro David Keller

The Return of Value?

Growth stocks have been on an incredible run for the last sixteen months, handily outpacing value names.  A recent breakdown in the growth to value range suggests this trend may be reversing.

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Macro David Keller Macro David Keller

Dialing Up the Dollar

One of the most important lessons I learned as an aspiring technical analyst was to consider multiple time frames in your analysis…

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Macro David Keller Macro David Keller

Slippery Signs from Junk Bonds

High yield or "junk" bonds are often a leading indicator for stocks as they gauge bondholders appetite for risk.  Although key high yield indices have held up in recent months, breakdowns in the two largest junk bond ETFs suggest further downside for the equity markets.

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Macro, Sectors David Keller Macro, Sectors David Keller

Softly Scrutinizing Sectors

One of the best ways to get color on leadership in the equity markets is to look at the 11 sector ETFs.  With the S&P 500 testing the top of a clearly defined range, it seemed an opportune time to review these sector charts and compare them to the broader index.

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Those who can not remember the past are condemned to repeat it.
— George Santayana