Author: Kirk Spano

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Hide and Seek with Vlad

Sometimes the only thing you can do is have fun with something that is potentially horribly scary. Vladimir Putin has not been seen in public for over a week now.  Why could this be potentially very frightening. Recently, the top NATO commander warned that Russia could easily be provoked into more aggressive actions. […]

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Janet Yellen and the Feds

Tell me that Janet Yellen and the Feds doesn’t sound like a totally groovy band. For the past few months they have been singing that they will be raising interest rates this year sometime. Don’t ignore their music just because you might not like it. It’s an important sound man. […]

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This Bull Market is Getting Old

This week marked the third consecutive week that the stock market moved upward. A start reversal from January and in line with what I’ve been saying in my last two quarterly letters at my firm Bluemound Asset Management and my opening article of the year on MarketWatch – volatility will increase in 2015.  […]

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Excess Capacity & Deflation

This past week the markets rallied on below average volume. While many momentum investors underplay the idea of volume, to me it tells a very important tale. Because 70%-90% of market activity in any period is typically large investors, when volume is low, that means big investors at a minimum […]

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Super Sunday

As I sit in my Green Bay Packers t-shirt at my keyboard I am still quietly lamenting that I will not be watching my team in the Super Bowl today. There is some consolation, I do like Russell Wilson, I have friends from Boston who will feel good if the […]

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Greek Elections

I waited until the Greek elections were in to write this. What we have learned now is that Greece is indeed going to play hardball with the Troika and Germany. There is no telling what this might entail. My bet against the Euro which I described on Scutify in detail […]

Secular Bear Market So Far
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Energy

This past week continued the volatility that we have been warning about and following. While Friday ended the week on a postive note, we are not sure how long that can last. As you can see on our webcast, the market remains under pressure despite some up days which are […]

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Asymmetry

The markets continue to exhibit volatility that hasn’t been regularly present in a few years. While markets are not as volatile as 2011 yet, the end of QE in the U.S. and economic challenges around the globe signal that the easy to ride Fed reflation is over.  Algorithmically, we see […]