Capital Markets & Economic Analysis

For investors and traders who desire top quality, conflict free analysis of the capital markets and the economy based on the fundamentals and technicals that drive securities prices. Peter Richardson, CFA and author of Capital Markets & Economic Analysis, was the former chief investment officer and a former NYSE firm partner. He has 40 years experience in the field as analyst, economist, portfolio manager, trader, and CIO.

Visit Blog

Latest Articles

SPX -- Technical Update

The market remained in crash mode through 3/20. It has now moved deeply into oversold territory.Although this is a bear market, The SPX is approaching a trade worthy point based on the impor-tant intermediate term stochastic momentum measure (second ...

SPX -- Thanks Guys. You Can Take It From Here

Last Sunday, I posted that a trade worthy rally in a deeply oversold market was imminent.I caught it, and now I can sit back and watch the wizards of the financial world work whatevermagic they may have. I am sure that at some point over the next yea...

SPX -- Scaling Out Of This Rally

Even in a fully traumatic longer term crash, The initial rally can cut the first leg of thedecline by half. That would be around 2800 on the SPX . The 2800 level also would equatewth fair value under fully normal conditions. We are far from normal ti...

Deflation Pressure

I have used an inflation directional pressure gauge for nearly 50 years with good results. Itbecame a deflation pressure gauge over 2008 - 10 and that is what it has turned into againrecently. Basically, I watch the longer term momentum of commodity ...

Sotto Voce -- "Acceptable Deaths"

Pressures to re-open the US economy continue to grow. Thanks largely to the many Covid policyfailings of Team Trump, the quantum leap in various testing procedures needed to minimize flareups in the virus as the economy moves to open gradually and se...