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2018 Year-To-Date Country Stock Market Performance

2018 Year-To-Date Country Stock Market Performance

Below is a look at the 2018 year-to-date performance of various country stock markets around the world. Returns are calculated in local currency, as if you were a domestic investor within each country. The average year-to-date change of the 75 countries in the table is about as flat as it gets — down just 0.04%. […]
Illumina: Lower Sequencing Costs Are Unleashing A Genetics Mega-Trend

Illumina: Lower Sequencing Costs Are Unleashing A Genetics Mega-Trend

Summary Genetics will be one of the future branches of healthcare. The technology might be complex, but investors shouldn’t dismiss it on that ground. There are already great business models around this technology that should make investors salivate. Usually, the technology field is populated by a special type of investor. Because of the jargon and […]
PMIs Signal “US Economy Has Cooled” In Q2, Manufacturing “Has Led The Slowdown”

PMIs Signal “US Economy Has Cooled” In Q2, Manufacturing “Has Led The Slowdown”

As US economic ‘hard data’ has collapsed in recent months, US manufacturing and services industries PMIs ‘soft data’ have both tumbled, and preliminary August data extended that streak with slower business activity growth reflected the weakest rise in new order volumes since December 2017. US Manufacturing and Services PMIs miss expectations and drop for the 3rd […]
The Market’s Four Directions

The Market’s Four Directions

Apache Crown Dancers wearing black masks represent the four directions. North, South, East, and West. So far this week, Transportation (IYT ) posted a topping pattern based on a new high followed by a high-volume break of the prior day’s lows. At the same time, Semiconductors tested the key weekly moving average, held it and […]
How “Wealthy” Would We Be If We Stopped Borrowing Trillions Every Year?

How “Wealthy” Would We Be If We Stopped Borrowing Trillions Every Year?

These charts reflect a linear system that is wobbling into the first stages of non-linear destabilization. The widespread presumption is the U.S. is wealthy beyond words and will remain so as far as the eye can see: wealthy enough to fund trillion-dollar weapons systems, trillion-dollar endless wars, multi-trillion dollar Medicare for all, multi-trillion dollar Universal Basic […]
Global PMI’s Hang In There And That’s The Bad News

Global PMI’s Hang In There And That’s The Bad News

At this particular juncture eight months into 2018, the only thing that will help is abrupt and serious acceleration. On this side of May 29, it is way past time for it to get real. The global economy either synchronizes in a major, unambiguous breakout or markets retrench even more. That’s been the basis of this thing […]
Trade War: No News Isn’t Necessarily Good News

Trade War: No News Isn’t Necessarily Good News

The US and China met the last two days to discuss trade. We’d love it if we heard of an imminent joint press conference. Maybe we’d hear some good news. But so far we haven’t heard such news. The Tell Uncharacteristically, President Trump didn’t expect much to come out of this meeting. When Trump has been confident ahead of […]
In-Line EIA Print Supports Nat Gas

In-Line EIA Print Supports Nat Gas

September natural gas prices were falling on weak cash prices ahead of this morning’s EIA print, but a reported injection that was just a touch below expectations helped prices find support and settle slightly higher on the day.  The role of the print was seen in a stronger winter strip relative to the fall or […]
Stocks And Precious Metals Charts – The Darker Gods Of A Low, Dishonest Age

Stocks And Precious Metals Charts – The Darker Gods Of A Low, Dishonest Age

“In the past 5 years the amount of UST’s the US needs to roll over every year has risen by nearly 15% CAGR, the while US nominal GDP is just over 2%. A 1200bp gap isn’t sustainable for very long, yet the overwhelming consensus [assumption] is that it’s sustainable for decades”. Luke Gromen “The first […]
Market Talk – Thursday, August 23

Market Talk – Thursday, August 23

With core China and the Hang Seng indices trading near their 52week lows, this is the direct opposite to core US indices that are making historic highs! Today’s price action almost seemed typical of what we have seen over this past year. US markets are treading water at their highs, whilst Shanghai, Hang Seng, STI, […]