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Bad Hair Days Are Back – Is The Stock Market Oversold Enough?

Bad Hair Days Are Back – Is The Stock Market Oversold Enough?

A Quick Look at a few Technical Yardsticks and Comparisons We went through numerous charts and data over the weekend to provide a snapshot of where market currently stands. This is in context with our idea that sudden downturns in the form of mini-crashes are likely to happen with very little advance warning, mainly due […]
The US Economy: Just How Strong Is It?

The US Economy: Just How Strong Is It?

We hear that the US economic numbers are great: low unemployment, stock markets strong and manufacturing activity moving ahead at a good clip. But a recent piece by David Leonhardt in the New York Times with supporting data from Piketty, Zucman, and Saez (PZS) indicates that the “usual” economic data do not tell the whole story. And far from […]
The End Of The Bull Market Is Overblown

The End Of The Bull Market Is Overblown

With the recent drop in the stock market, many investors and analysts are calling this the end of the bull market. They are seeing a complete shift in the market and in the economy as a whole. But you don’t need to worry. The end of the bull market is overblown. Why do I say […]
From Euphoria To Uncertainty, What’s Next For The Market?

From Euphoria To Uncertainty, What’s Next For The Market?

The relentless selling in the stock market last week has given many investors a massive hangover after the Quarter 3 celebration. The stock market was acting nervous at the start of October, even before Federal Reserve Chair Jerome Powell commented about a “Remarkably Positive Set of Economic Circumstances” on October 3. In fact, the first […]
The US Not Alone In Being Oversold

The US Not Alone In Being Oversold

It is no secret that the US has become extremely oversold in the past week, but this weakness extends well outside of our own borders. With the worst of the selloff occurring last Thursday, declines were widespread and extreme. The table below shows the Overbought and Oversold readings of global equity benchmarks for the 23 countries from our Global […]
Retail Sales Growth Again Little Changed In September 2018

Retail Sales Growth Again Little Changed In September 2018

Retail sales were slightly up a bit according to US Census headline data. The unadjusted rolling averages rate of growth declined. Analyst Opinion of Retail Sales There was insignificant adjustment of last month’s data. This was a relatively strong report. The weakness this month was from department stores, gas stations and restaurants. It is very […]
BofA (BAC) Beats On Q3 Earnings And Revenue Estimates

BofA (BAC) Beats On Q3 Earnings And Revenue Estimates

Have you been eager to see how Bank of America (BAC – Free Report) performed in Q3 in comparison with the market expectations? Let’s quickly scan through the key facts from this Charlotte-based one of the world’s largest financial institutions’ earnings release this morning: An Earnings Beat BofA came out with earnings of 66 cents per share, which surpassed […]
You Can’t Eat Gold

You Can’t Eat Gold

“You can’t eat gold.” The enemies of gold often unleash this little zinger, as if it dismisses the idea of owning gold and indeed the whole gold standard. It is a fact, you cannot eat gold. However, it dismisses nothing. This gives us an idea. Let’s tie three facts together. One, you can’t eat gold. […]
Arista Networks Down 30%: Buying Opportunity?

Arista Networks Down 30%: Buying Opportunity?

Arista Networks (ANET) is down by almost 30% from its highs of the last year. This is mostly due to a broad market selloff particularly affecting growth stocks in the tech sector lately. Besides, there have been rumors about the possibility of Amazon (AMZN) increasing its presence in the networking sector. However, the big picture […]
Coming Back

Coming Back

We’ve seen a valiant effort by the bulls to bring US equity futures back into the black after some moderate declines earlier this morning, but the just-released September Retail Sales report isn’t helping matters as the headline reading came in weaker than expected (+0.1% act vs +0.6% exp). Ex Autos, the September reading was even […]