The S&P 500 is up 10% so far this year, and has nearly quadrupled off its 2009 low. The stock market keeps racing to record highs. After such a prolonged rally, the valuation multiple of the stock market has expanded significantly since the Great Recession. For example, the S&P 500 Index traded for an average price-to-earnings ratio…
So on Thursday, we noted the following about investors’ undying love for emerging market equities in an environment where the assumed slow pace of Fed tightening supersedes all other relevant factors: Emerging market stocks have now risen for eight months in a row. As far as the ETFs go (i.e. as far as how most people…
The gold price is a complicated beast. It’s like a seesaw, with gold sitting on one seat. But instead of one seat across from it, there are several, because each country has its own currency. Those currencies go up and down with regard to each other. Years ago, a brilliant analyst found that you couldn’t…
Little good can be said about the August jobs report. The 156k growth in jobs disappointed and is well below the recent averages. The back two months were revised lower for a total of 41k jobs. The unemployment rate ticked up to 4.4% even though the participation rates were unchanged at 62.9%. As if that was…
GBPJPY Short-Term Elliott Wave suggests that the decline to 8/23 low at 139.27 ended Minor wave W. Minor wave X bounce is currently still in progress as a double three Elliott Wave Structure. Minute wave ((w)) of X ended at 141.47, Minute wave ((x)) of X ended at 139.98, and Minute wave ((y)) of X is proposed complete…
(Audio length 00:10:50) Fund Manager Dana Lyons shares some insights on the breakouts in Emerging Markets. From China, India, Brazil, smaller Asian markets, and Russia, we are seeing some key breakouts which should be noted. This speaks to liquidity around the world but Dana does not think this is correlated to economic activity. Dana also…
TM editors’ note: This article discusses a penny stock and/or microcap. Such stocks are easily manipulated; do your own careful due diligence. Written by SmallCapPower.com POET Technologies Inc. (POETF) acquired DenseLight and BB Photonics last year giving it the technology to address 100G optical telecom, the largest and fastest growing market segment so, going forward,…
Recap from July’s Picks Our Safest Dividend Yield Model Portfolio underperformed the S&P 500 last month. The Model Portfolio fell 2.6% on a price return basis and fell 2.4% on a total return basis. The S&P 500 fell 0.6% on a price return basis and total return basis. The best performing stocks in the portfolio…
Amid the chaos and turmoil caused by Harvey, today’s rig count data is likely to change things as much as a fart in a hurricane. US crude production in the Lower 48 actually fell last week, syncing with the stabilization in the lagged oil rig count. The US Oil Rig count held to two-month lows last…
If you have been in a 401K like I have over the decades, you know this has been helpful in reducing tax on your income. If you do not know this, you do now. The GOP is making eyes on your 401k contributions with the intent of removing the upfront deduction which lowers your taxable…
