The market this year has been split between areas of tremendous strength and sectors of depleted optimism. Nowhere is this better illustrated than the divergence between soaring growth stocks and underwhelming value names. When you add to that the mess of commodity prices and lackluster action in bonds, the picture becomes very murky indeed. Most diversified portfolios…
When we left you at the end of last week the world was falling apart. As you know, the economy functions on electronic credit… not cold, hard cash. Without the banks pumping more credit into the system – by way of loans – it sags. The Dow fell 163 points – or about 1% – on Friday….
Podcast: Play in new window | Play in new window (Duration: 13:16 — 6.1MB) DOW – 127 = 17,440 SPX – 12 = 2067 NAS – 48 = 5039 10 YR YLD – .04 = 2.23% OIL – .75 = 47.39 GOLD – 5.00 = 1095.50 SILV – .20 = 14.64 Chinese stocks fell sharply today. The Shanghai Composite…
The Chart of the Day belongs to Eros International (NYSE:EROS). I found the Indians language film stock by using Barchart to sort today’s All Time High List for the stocks having the highest Weighted Alpha, then used the Flipchart feature to review the charts. Since the Trend Spotter signaled a buy in 5/15 the stock gained 100.28%. Eros International Plc co-produces,…
Apparently, no one sent the market memo to the S&P 500 until last week when investors woke up to the prospect of “stretched” valuations after months of warnings from US Federal Reserve Chairwoman Janet Yellen. Last Friday’s substantial losses come on the heels of global equity losses to which US benchmarks are not immune, but…
Economy – Additions & Updates Additions – inflation expectations, World trade, China electricity consumption & manufacturing Updates – initial jobless claims, housing, sentiment, manufacturing Asset Allocation – Additions & Updates Additions – US only allocations, currency trends Updates – none Economic Summary: Initial Jobless Claims – falling Inflation Expectations – on target Housing – existing home sales: expanding, new home sales: falling Sentiment…
There is a chart of the GDX relative to the Price of Gold. This is why some will say that the miners are ‘weak relative to the price of the metal.’ And they are. They can get even cheaper, and the underlying metal can also get ‘cheaper.’ Sentiment is obviously at a negative extreme, and…
“Everybody has a plan until they get punched in the mouth.” This quote, one of former heavyweight champion Mike Tyson’s most famous, is always relevant when investing. After countless hours of research, diversifying portfolios and strategies, investors feel confident about weathering a market storm — until they are punched in the mouth. Today, we are…
The big pre-open news today was the historic -8.48% Monday rout in the Shanghai Composite, an event that no doubt rattled the optimists hoping that the China benchmark index had bottomed out last week. Euro zone indexes also saw some suffering, with DAX and CAC 40 both deep in the red and destined to close…
