Stocks continue to struggle whenever they approach resistance levels. This means the market is unwilling to discount sustained growth. Clearly stocks would break out were the market willing to steady non-inflationary long-term growth. The indisputable culprit is oil. With oil approaching $50 a barrel, our Long-term key has moved down to minus 70 percent. Read More

Fed jitters, a downgrade of Citigroup, and oil prices above $45 all contributed to a lackluster Monday. Perhaps even more important is that stocks are approaching their first quarter highs, which are just about 2 percent above current levels. Read More

Ivan has apparently spared Florida and instead is taking aim at the Gulf of Mexico. Both natural gas and oil surged on the prospects of less energy flow from the Gulf. That the market shrugged off the oil spike is further evidence that stocks remain – at least for the short term on pretty firm ground. Read More

Stephen Leeb’s taking an August respite from Manhattan and offers the following abbreviated market update from his home in Connecticut.   Read More

It was a banner weekend for me. On Saturday I biked from my weekend home in Connecticut to Great Barrington, Mass and back again. That was a total of 70 miles. Since my home in Connecticut is on the top of a pretty big hill, the last six miles of my nearly five hour ride consisted of climbing about 4 or 5 hundred feet. Read More