Archives by Month:

Archives by Year:

2017 – The Year Without Corrections – Echoes Of 1995

2017 – The Year Without Corrections – Echoes Of 1995

How rare is a year without corrections of more than 3%? 1995 was the last period of incredibly persistent optimism without a hiccup in price to afford a paltry decline beyond 3%. Most consider a pullback of 5 to 10% to be modest and a normal expectation at least once a year. A 3% drop […]
Comparison Of Systemic Risk In China, US, Eurozone: Systemic Risk Is Everywhere

Comparison Of Systemic Risk In China, US, Eurozone: Systemic Risk Is Everywhere

China leads the world in economic growth but that growth is 100% debt-driven. China’s recent $10 trillion in growth comes from $10 trillion in additional debt. In total, China has $26 trillion in debt. Debt is a huge systemic risk, but it’s not just China. The instability of China’s credit-fueled, investment-focused growth strategy is—without a […]
Silver Miners Going Sideways, Not Bullish Nor Bearish

Silver Miners Going Sideways, Not Bullish Nor Bearish

Silver miners have finally chosen a direction. After we noticed several false breakouts followed by false breakdowns, especially around summer time, silver miners are now going sideways. Readers will remember how we said that silver miners were confusing both bulls and bears. This is how the silver mining stocks evolved this summer: It’s Official: Silver […]
General Stock Market Commentary – Rates

General Stock Market Commentary – Rates

The Short-Term Trend The short-term uptrend refuses to top out despite the signs of short-term stress such as this chart below of the VIX which is pointing higher.   The Nasdaq bullish percent has rolled over, although the NYSE bullish percent is still ticking up.   Stock prices remain in an uptrend, but momentum looks […]
The Dow Hasn’t Done This Since 2008

The Dow Hasn’t Done This Since 2008

Thanks to MMM and CAT (150 of The Dow’s 170 points today)… The Dow is massively outperforming today… And even more so on the year… In fact, this is the great Dow outperformance over the S&P since 2008… and that did not end well… VIX ended the day higher closing above 11 for the first […]
Kotlikoff: America In Worse Financial Shape Than Russia Or China

Kotlikoff: America In Worse Financial Shape Than Russia Or China

America’s 2017 fiscal gap will come in near $6 trillion, nine times higher than the $666 billion deficit announced by the US Department of the Treasury week, says Laurence Kotlikoff, an economics professor at Boston University. “Our country is broke,” says Kotlikoff, who estimates total US government debts at more than $200 trillion, when unfunded liabilities are […]
Advanced Micro Devices, Inc. Q3 2017 Earnings Beat

Advanced Micro Devices, Inc. Q3 2017 Earnings Beat

AMD Q3 2017 earnings were released after closing bell tonight, and the company posted adjusted earnings of 10 cents per share on $1.64 billion in revenue. Analysts had been expecting earnings of 8 cents per share on $1.5 billion in revenue. In last year’s third quarter, the chip maker reported earnings of 3 cents per share on an […]
AT&T Misses On Earnings Expectations

AT&T Misses On Earnings Expectations

CNBC’s Julia Boorstin reports on the quarterly earnings report for AT&T.
World Markets Update – Tuesday, October 24

World Markets Update – Tuesday, October 24

All eight indexes on our world watch list have posted gains for 2017 through October 23. The top performer thus far is Hong Kong’s Hang Seng with a gain of 28.66%, followed by India’s BSE SENSEX at 21.79%. In third is our own S&P 500 with 14.57%. The Last Four Weeks The tables below provide […]
Big Earnings Week Ahead For Tech

Big Earnings Week Ahead For Tech

Q3 Earnings Look Great So Far This is the first week where earnings summaries include a significant portion of reports from Q3. As of the end of last week, 17% of S&P 500 firms reported earnings. According to S&P Dow Jones, the insurance firms’ hurricane weakness caused Q3 financial sector earnings to fall from $7.04 […]