Archives by Month:
- January 2025
- December 2024
- November 2024
- October 2024
- September 2024
- August 2024
- July 2024
- June 2024
- May 2024
- April 2024
- March 2024
- January 2024
- December 2023
- November 2023
- October 2023
- August 2023
- July 2023
- June 2023
- May 2023
- February 2023
- January 2023
- December 2022
- November 2022
- October 2022
- September 2022
- August 2022
- July 2022
- June 2022
- May 2022
- April 2022
- March 2022
- February 2022
- January 2022
- December 2021
- November 2021
- October 2021
- September 2021
- August 2021
- July 2021
- June 2021
- May 2021
- April 2021
- March 2021
- February 2021
- January 2021
- December 2020
- November 2020
- October 2020
- September 2020
- August 2020
- July 2020
- June 2020
- May 2020
- April 2020
- March 2020
- February 2020
- January 2020
- December 2019
- December 2018
- November 2018
- October 2018
- September 2018
- August 2018
- July 2018
- June 2018
- May 2018
- April 2018
- March 2018
- February 2018
- January 2018
- December 2017
- November 2017
- October 2017
- September 2017
- August 2017
- July 2017
- June 2017
- May 2017
- April 2017
- March 2017
- February 2017
- January 2017
- December 2016
- November 2016
- October 2016
- September 2016
- July 2016
- June 2016
- April 2016
- March 2016
- February 2016
- January 2016
- December 2015
- November 2015
- October 2015
- September 2015
- August 2015
- July 2015
- June 2015
- May 2015
- April 2015
- March 2015
- February 2015
- January 2015
- December 2014
- November 2014
- October 2014
- September 2014
- August 2014
- July 2014
- June 2014
- May 2014
- April 2014
- March 2014
- February 2014
- January 2014
- December 2013
- November 2013
- October 2013
- September 2013
- August 2013
- July 2013
- June 2013
- May 2013
- April 2013
- March 2013
- February 2013
- January 2013
- November 2012
- October 2012
- August 2012
- July 2012
- June 2012
- May 2012
- April 2012
- March 2012
- February 2012
- January 2012
- December 2011
- November 2011
- October 2011
- September 2011
- August 2011
- July 2011
- June 2011
- May 2011
- April 2011
- March 2011
- February 2011
- January 2011
- December 2010
- November 2010
- October 2010
- September 2010
- August 2010
- July 2010
- June 2010
- May 2010
- April 2010
- March 2010
- February 2010
- January 2010
- December 2009
- November 2009
- October 2009
- September 2009
- August 2009
- June 2009
- April 2009
- February 2009
- December 2008
- November 2008
- October 2008
- August 2008
- June 2008
- May 2008
Archives by Year:
Chart: S&P500 Vs MSCI Emerging Markets
Here’s an interesting standout chart from one of my charm packs. It shows the relative performance of the S&P500 against the MSCI Emerging Markets index. Basically, US equities are on a parabolic tear in relative terms as EM equities have come under fire from multiple headwinds, and US equities have benefited from a capitulation on the […]
General Mills Plunges After Reporting North America Sales Decline
Shares of General Mills (GIS) sunk in late morning trading after the company reported quarterly results, including net sales for its North America Retail segment that fell 2% from the year-ago period. QUARTERLY RESULTS AND GUIDANCE: General Mills reported first-quarter adjusted earnings per share of 71c, beating analysts’ consensus estimates of 63c, while sales of […]
Home Sales Trends Vs Recessions
Existing home sales are slowing. Can a recession be far behind? Please consider U.S. Housing-Market Trends Suggest Recession Around Election Time, 2020. Ten years ago, in September 2008, plunging home prices pushed Lehman Brothers into bankruptcy, fueling a financial crisis that sent the United States, and much of the world, into a deep recession. One metric […]
Tech ETFs In Focus On Oracle’s Mixed Bag Q1 Results
After the closing bell yesterday, software giant Oracle (ORCL – Free Report) reported fiscal first-quarter 2019 results. While the company beat the Zacks Consensus Estimate for earnings, it lagged on revenues and disappointed investors with a bleak outlook. Oracle Q1 Earnings in Focus Earnings per share came in at 71 cents, three cents ahead of the Zacks […]
The Last Time Bonds Were This Attractive Vs Stocks, The Recession Started
The long-end of the Treasury yield curve is blowing out today: whether due to technicals, now that the 3% level has been breached, or amid expectations that (even more) Chinese stimulus in the coming weeks -arguably to offset the $200BN in tariffs slapped by Trump on China overnight – will prompt another modest reflationary wave around the […]
Cash Is Less Trashy
As interest rates have risen over the last few months, we have seen a number of charts similar to the one below comparing the yield on the 3-Month US Treasury (UST) to the dividend yield on the S&P 500. Up until just a couple of months ago, this entire bull market has occurred during a period […]
(Still) Waiting For Recovery In US Soybean Prices (Levels, Relative)
November soybeans futures keep on going down. And the US-Brazil spread has proven durable. Source: barchart.com. For those who argued Chinese tariffs would be immaterial to prices because of arbitrage/relabeling (see this post, and associated comments, this graph is, I think, dispositive, as the gap in US and Brazilian soybean prices has proven very durable (more so […]
NIO Is Off To A Hot Start Here Is Why You Should Avoid
NIO is a new public offering for investors and so far, the stock has had a wild ride. Just like with Sonos, which I wrote about recently, NIO looks great from afar, but once you start digging into this company, you see red flags everywhere. Still, many investors will ignore these red flags because they see […]
Entering A Tough Time Of Year For Crude Oil
On Monday we syndicated an outlook for crude oil that was at least a little bit alarming. Specifically, Oil Price Information Service’s co-founder Tom Kloza cautioned that seasonal influences could crimp demand for oil. This is around the time of year when refineries are maintained; some of them are also still switching over to heating […]
Chinese Money Math
What has changed in China? Many if not most in the West haven’t yet caught on because they can’t conceive of where all this might be heading. One literal change was the appointment of Yi Gang as head of the People’s Bank of China. Not only did he replace longtime chief Zhou Xiaochuan, but Yi’s […]
