Chief Analyst for US Markets & Cultural Trends
Peter Kendall co-edits Elliott Wave International’s Elliott Wave Financial Forecast with Steven Hochberg. He also provides commentary on cultural trends, the economy and the U.S. stock market for the firm’s Global Market Perspective. Kendall began his career as a financial reporter and columnist in 1983. He wrote “On the Money,” a column for The Business Journal, from 1991 to 1997. Kendall joined Elliott Wave International as a researcher in 1992 and served as the director of EWI’s Center for Cultural Studies, where he focused on popular culture and the new science of socionomics. He has been contributing to Global Market Perspective since 1995, and he also contributes to EWI’s Short Term Update. He graduated from Miami University in Oxford, Ohio, with a degree in Business Administration.
Resources featuring Steven
In the past several months alone, the renowned analysts at the Elliott Wave Financial Forecast have observed a steady increase in the number of time-honored indicators ringing alarms across the board. If the metrics ARE different in any way this time, it’s that they’ve reached levels far greater in consequence than ever before.
The “after”: On October 4, 30-year U.S. Treasury yields soared above 5% for the first time since the 2007-2009 global financial crisis. The event, deemed “one of the worst implosions ever,” took many mainstream strategists by surprise. As for the “before” — Elliott wave analysis called for a resumption of the bond bear market and move to a new rate extreme… back in May!
Many might think that the “reality” in question is that “higher interest rates are bad for the stock market.” But that’s not what this story is about. There is a different reality that Fed has continued to ignore for at least two decades.