SLV, along with the precious metals stocks, have been underperforming gold in a pretty significant way. Normally you would like to see the precious metals stocks outperforming gold on the front end of a bull market similar to what we saw back in the beginning of the 2000 bull market in the PM complex. So…
The U.S. stock market witnessed wild swings last week buoyed by escalating trade tensions between the United States and China following the new rounds of sanction threats. All the major indices once again are in the red from a year-to-date look. Inside the Trade Tensions This is especially true, as President Donald Trump doubled down…
These should be good days for Japan’s Prime Minister Abe. After being punished in local elections, Abe recovered to push back a challenge by his former defense minister and now governor of Tokyo. He reappointed Kuroda at the helm of the Bank of Japan, breaking from a 50-year tradition of one-term BOJ head. The Japanese economy…
The stock market was trading at an all-time high valuation of 150% of GDP this January. That was indeed the bell rung at the very top. Stocks have since started to roll over, but valuations are still at 140% of the underlying economy. And that is, historically speaking, way off the chart. The average of…
A standard chart that we use to help confirm the overall market trend is the Momentum Factor ETF (MTUM) chart. Momentum Factor ETF is an investment that seeks to track the investment results of an index composed of U.S. large- and mid-capitalization stocks exhibiting relatively higher price momentum. This type of momentum fund is considered…
Many investors familiar with the exchange-traded fund (ETF) landscape will agree that multifactor strategies have become a central part of the investment conversation. WisdomTree pioneered this effort over a decade ago with a fundamental approach to indexing, but only recently did we launch the WisdomTree U.S. Multifactor Index, which directly seeks exposure to value, quality, momentum and low correlation, and…
The setup for higher silver prices is so good it’s scary. The relative positioning of speculators versus the bullion banks in the futures markets is extraordinarily lopsided. A bet on silver moving higher from here looks a lot like a no-brainer. So much so that David Morgan, publisher of The Morgan Report and silver guru…
Deutsche Bank says Trump’s America First policy puts the dollar last. BMO predicts a flattish dollar. Let’s investigate the claim Trump’s ‘America First’ Puts the Dollar Last. The administration’s “irreconcilable” goals of cutting trade imbalances while funding a large fiscal stimulus program pose the biggest challenge to the international monetary system since the breakdown of…
Oclaro (OCLR) was originally selected as a Long Idea on 1/17/18. At the time of the report, the stock received a Very Attractive rating. Our investment thesis highlighted dramatic economic earnings growth, a significant technological advantage, overstated concerns about China, and a valuation that implied a permanent 30% decline in after-tax profit (NOPAT). We added the stock to…
Today is the fifth consecutive session that the Australian dollar has weakened against the New Zealand dollar. It has now fallen to test a three-year old trendline that we show on the Great Graphic, composed on Bloomberg. The last leg down in the Aussie actually began last October, and through today’s low, it is off by…
