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Archives by Year:
Risk On Gauge Shifts With Many Markets At Tipping Points
Last week the equity markets had a remarkable reversal of fortune as the SPY and QQQ moved from breaking down under major institutional support levels such as their 50 moving averages, to rebounding to new all-time highs. Additionally, the MarketGauge Risk On / Risk Off gauge changed to green, and several major asset classes ended […]
The Rule Of 20 & The Risk To Passive
“The following is an excerpt from this past weekend’s newsletter. I have several follow up articles coming over the next few weeks that will reference Byron Wien’s comments.” The Rule Of 20 Byron Wien recently asked the question of where we are in terms of the economy and the market to a group of high-end investors. To wit: […]
Varoufakis: The Book
Detail of a fresco from the House of the Tragic Poet, Pompeii, 2nd century BC About a month ago, I finished reading former Greek finance minister Yanis Varoufakis’ book “Adults in the Room”, subtitled “My Battle With Europe’s Deep Establishment”, and published by The Bodley Head. I started writing about it right away, but noticed […]
North Korea’s H-Bomb Rattles Monday’s Markets
North Korea’s apparent test of a hydrogen bomb spurred a quick and fairly predictable response by investors, given that the US market was closed for the Labor Day holiday. The funding currencies, like the yen and Swiss franc, were bought back, gold rallied, and equities were sold. While playing up the fact that all options, […]
Forex Strength And Comparison Week 36/2017
In the Currency Strength table, the CAD was again the strongest currency while the NZD was the weakest. There were some significant changes last week with the GBP gaining 3 points and the USD 2 points. The JPY and CHF lost 2 points. The other currencies remained around the same level of last week with a maximum change […]
How Stocks Reacted To The Biggest Geopolitical Shocks Since World War II
As Deutsche Bank warns in a note over the weekend, the S&P 500 is “long overdue for a pullback” for one simple reason: the BTFDers (and central banks) have overextended the current rally in the S&P 500 to the point where it is now one for the history books. Traditionally, 3-5% selloffs in the S&P […]
Vol. On ‘Cheap Market With Fast Earnings Growth’ Just Spiked The Most Since ‘Fire And Fury’
Listen, if you’re in the mood to “top up some high conviction positions” in EM, M&G Investments’ director Jeik Sohn thinks this might be your chance. For what it’s worth, Sohn is responsible for M&G’s global EM equity portfolio which means he’s managing something like $2.8 billion in assets. When it comes to South Korean shares, […]
Should You Borrow Money To Buy High Yield Stocks?
Income is difficult to come by in today’s financial markets. Here are some interesting statistics to help drive this point home: The S&P 500 has a current dividend yield of just 1.9% (down significantly from its long-term average of 4.4%) The 10-Year U.S. Treasury Bond has a current yield to maturity of 2.2%, which is […]
Growing Gambling Facilities In The Northeast US: Is There A Market For Them All?
Introduction Politicians in Massachusetts, New York, and Rhode Island have put aside moral and/or addiction concerns over gambling. Instead, they recently asked why all the gambling dollars from their citizens go to the casinos (and governments) in Connecticut and New Jersey. They responded by approving for new gaming facilities in all three states. Below, data […]
