August 11, 2022
Bill Baruch is founder and President of Blue Line Futures, Blue Line Capital, and Blue Creek Capital. Bill has extensive experience in the financial industry as an advisor, trader and manager. He started his career as an investment banking analyst, but quickly left for the fast paced world of commodity trading in 2007. He got his start as a Market Strategist at Lind Waldock’s Chicago Board of Trade office. Lind Waldock was purchased by MF Global and he began running his own trade desk there in 2009. In 2011, he took a role as the Chief Market Strategist at iiTRADER. Blue Line Futures is a futures and commodities brokerage, Blue Line Capital is a registered investment advisor, Blue Creek Capital is a commodity trading advisor.
August 11, 2022
Slowing Inflation Ramps Risk Assets
U.S. equity benchmarks posted a banner day yesterday after CPI signaled inflation was flat month over month for July.
August 10, 2022
Midday Market Minute August 10, 2022
August 9, 2022
Midday Market Minute August 9, 2022
August 8, 2022
Midday Market Minute August 8, 2022
August 8, 2022
Magnificent Resilience
Stocks hold steady after blowout jobs report on Friday negates ongoing recession. 528k jobs added in July versus 250k expected.
August 4, 2022
Midday Market Minute August 4, 2022
August 4, 2022
Culminating Into Nonfarm Payrolls
U.S. equity benchmarks lifted yesterday after a two-day consolidation, finding tailwinds from surprisingly strong ISM Non-Manufacturing.
August 3, 2022
It Was Never A Pivot, But That’s Ok
The move in Treasury yields is inherently the biggest story. Will it derail underlying buoyancy in U.S. equity benchmarks?
August 3, 2022
Geopolitics and a Historic Bond Chart
August 2, 2022
Midday Market Minute August 1, 2022
July 29, 2022
Inflation and Earnings Face Off
Can the two-day rip keep ripping? We do not envision eager sellers ahead of month-end, especially after getting Alphabet, Microsoft, Apple, and Amazon earnings out of the way.
July 27, 2022
Counterintuitive Reactions Ahead of the Fed
A miss on both the top-and bottom-line from the S&P’s second and third largest companies did not crater the tape to new lows as one would expect.
July 26, 2022
The Get Out Of Jail Free Card
U.S. equity benchmarks are consolidating ahead of tomorrow’s FOMC policy decision. Essentially, they are holding at the highest level since June 10th.
July 25, 2022
Will the Fed Pivot?
July 22, 2022
Midday Market Minute July 21, 2022
July 21, 2022
Every Rally Starts With A Short Cover
Each of the four major indices gained at least 2% on Tuesday and managed to settle higher yesterday, occurring for only the second time this year.
July 20, 2022
Macro Landscape Overshadows U.S. Equity Rebound
U.S. equity benchmarks powered higher yesterday, rebounding strongly from Monday’s disappointing turn. The session was terrific from start to finish.
July 19, 2022
Midday Market Minute July 19, 2022
July 19, 2022
Dollar in the Crosshairs and Earnings Compression
U.S. equity benchmarks coughed up a strong start to the week on reinvigorated recession fears after Apple said it would slow hiring and spending on some teams.
July 18, 2022
Risk-Assets in Rebound Key Off U.S. Dollar
As we dive into earnings season, multiples have already come in drastically and a popular view is that earnings growth is to follow, making the way for the next leg down.
July 14, 2022
Midday Market Minute July 14, 2022
July 13, 2022
Midday Market Minute July 13, 2022
July 12, 2022
The U.S. Dollar and Mounting Global Pessimism
U.S. equity benchmarks finished sharply lower yesterday and the weakness carried overnight. Price action tried muscling higher Friday, after a strong jobs report, but quickly stalled to start the new week.
July 11, 2022
King Dollar Presses On
Price action was firm on Friday but struggled to hold gains through close. Despite 10-year yields ripping back above 3.0%, S&P responded to first wave of major three-star support and NQ held well out above such, responding to first key support.
July 7, 2022
A Light at the End of the Inflation Tunnel
The S&P and NQ finished higher yesterday for the third session in a row. The late day boost came after the Federal Reserve Minutes from their June meeting.
July 6, 2022
Leadership Amid a Bloodbath
If yesterday’s excitement was not enough, the busy, holiday-shortened week really begins to pick up today. Final SPGI Services PMI data for June is due at 8:45 am CT and followed by the more closely watched ISM Non-Manufacturing read at 9:00 am CT, along with JOLTs Job Openings.
July 5, 2022
Midday Market Minute July 5, 2022
July 5, 2022
Recession Fears Take Reins
U.S. benchmarks have coughed up last night’s spike and Friday’s strong close. Now retesting critical areas of support defined below.
June 24, 2022
Recession Fears and Capitulation
Did equity markets incur capitulation over the last two weeks? Last week was record weekly volume in the Russell 2000 and the most weekly volume in both the S&P and NQ since March 2020. Capitulation is defined by volume.
