Amid a myriad of economic and political woes, the stock markets across the globe have given mixed performances. While 2014 is turning out as another banner year for the U.S. stock market with multiple record highs on several occasions, international investing has not been so encouraging. This is especially true as Vanguard FTSE All-World ex-US…
2014… same as 2013 – stocks up, economic growth down! World 2015 and 2014 GDP growth expectations just hit their lowest on record.. as World stocks re-test their record highs. Just how long can the money-printing brigade keep this facade standing? Chart: Bloomberg
“Praise to the Holiest in the height, and in the depth be praised; in all His words most wonderful, most sure in all His ways!” John Henry Newman Gold and silver moved back to about where they had started things out this week. The wash and rinse reached the end of at least one cycle,…
The Chart of the Day belongs to Pinnacle Foods (NYSE:PF). I found the company by sorting the All Time High list for the stocks with the most frequent new highs in the last month then used the Flipchart feature to review the charts. Since the Trend Spotter signaled a buy on 12/28 the stock gained 4.79%. Pinnacle Foods Inc. is a…
From the looks of oil and base metals it’s not looking good yet. The precious metals are bouncing, but they are different and will bear watching for reasons aside from those that drive commodities. Well, gold anyway. All of what inflation bull promoters call the ‘natural resources’ are so beaten to a pulp that a…
It is the time of the year that is full of optimism as we celebrate the end of another year. It is a season for the traditional “Santa Claus” rally and for pundits to offer up their best equity picks for the New Year. The stock market delivered another year of double digit returns and…
In Russia, the overnight lending rates between banks has soared to 19%, a sign of widespread and warranted mistrust between banks, as one bank has failed. To stabilize the situation, Putin is considering bank deposit insurance up to an amount equivalent rate of about $26,000. Meanwhile, and although Russia is still burning through currency reserves,…
With everything decoupled from stocks… This seemed rather apropos… Record highs for the S&P, Dow, Trannies, and Russell 2000… on NO volume.. as oil tumbled, treasury yields fell, and credit widened… sure why not! 7th Day up in a row for the Dow… off the Yellen lows… Although the 2nd day in a row with an ugly…
If there’s been one sector that’s been a consistent powerhouse ever since the depths of the financial crisis, it is the one probably considered the most humdrum and boring by the public: utilities. I mean, how many people can get excited by an electric company versus, say, GoPro? But one glance at the chart below proves…
The trade was very quiet today with an upward bias from the first, and then a drift on diminishing volume. Next week is likely to be much of the same, except *if something happens.* Have a very pleasant weekend.
