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October Buy-the-Dip Trick Or Treat?

October Buy-the-Dip Trick Or Treat?

So much for the typical October strength in equities – a month in which the major US indices historically have gained ground 75% of the time. We’ve seen major index support levels broken while earnings beats have been smaller than we’ve seen over the past year with revenue and forward guidance giving investors jitters. Over […]
S&P 500, Dow Rout Allows Bold Investors To Pick Up Cheap Shares

S&P 500, Dow Rout Allows Bold Investors To Pick Up Cheap Shares

Talking Points: Aggregated fund flows reveal a weekly net-inflow of $2.2 billion Despite the continued sell-off, Wednesday saw the largest single day inflow in a month Poor earnings weighed on equity sentiment and the QQQ ETF What began as a few days of sustained losses for the S&P 500 now borders a full-scale correction with the index down […]
Gold Stocks Will Benefit From Cyclical Change

Gold Stocks Will Benefit From Cyclical Change

As we have noted over the many years of the gold sector’s bear market, the gold miners will not rally for real until the real sector and macro fundamentals come into place. Those fundamentals do not include commonly promoted inflation, China/India “love” trades, a US dollar collapse or especially, war, pestilence or any other human misery than economic. The […]
ECRI Weekly Leading Index Update: “Economic Cycles & Stock Price Corrections”

ECRI Weekly Leading Index Update: “Economic Cycles & Stock Price Corrections”

This morning’s release of the publicly available data from ECRI puts its Weekly Leading Index (WLI) at 147.0, down from the previous week’s 147.4. Year-over-year the four-week moving average of the indicator is now at 1.63%, down from last week. The WLI Growth indicator is now at -0.41, also down from the previous week. “Economic […]
Week In Review: Stocks On Track For Worst Month In A Decade

Week In Review: Stocks On Track For Worst Month In A Decade

    October is on track to become one of the worst months on Wall Street in nearly a decade. Here is a link to download the S&P 500’s monthly returns going back to the end of 1987 – sorted by largest gain to largest decline. Sellers showed up over the past several weeks and sent […]
Fear The L-Shaped Economic Growth Pattern

Fear The L-Shaped Economic Growth Pattern

It’s one thing if China registers a low ceiling or Brazil. That wasn’t going to be possible this time in the developed world. Europe and the US were finally going to lead. That’s what they said last year, anyway. Markets are freaking out about the growing evidence for so many growth ceilings. The other term […]
Metals Markets Report – Friday, Oct. 26

Metals Markets Report – Friday, Oct. 26

Stoneridge (SRI) Q3 Earnings And Revenues Surpass Estimates

Stoneridge (SRI) Q3 Earnings And Revenues Surpass Estimates

Stoneridge (SRI) came out with quarterly earnings of $0.47 per share, beating the Zacks Consensus Estimate of $0.43 per share. This compares to earnings of $0.36 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 9.30%. A quarter ago, it was expected that this […]
Global Bloodbath: World Stocks Puke Over $8 Trillion As US Markets Collapse

Global Bloodbath: World Stocks Puke Over $8 Trillion As US Markets Collapse

Aaaaaand, it’s gone! Global capital markets are down five weeks in a row, losing just under $9 trillion – the biggest, fastest drop since Lehman (around $8.2 trillion from global equity markets). Chinese stocks managed to end the week green thanks to numerous National Team interventions. European stocks ended the week red (down 4 of the […]