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S&P 500 Stuck In A Trading Range For Another 8-Months

S&P 500 Stuck In A Trading Range For Another 8-Months

Could the S&P remain stuck in a trading range for another 8-months? Possible as it could be repeating a prior trading range! This chart applies Fibonacci extension levels to the 2007 highs and 2009 lows at each (1). The S&P created a Trading Range for over 18-months, as it struggled to break above its 161% level at […]
Back To The Grind

Back To The Grind

Welcome back from the Thanksgiving holiday weekend. Bulls didn’t have much to be thankful for given the weak performance of equities around the holiday period, but it’s a new week and a new beginning. We’re as happy as anyone that the equity market is looking to kick off the week on a positive note, but […]
A Golden Renaissance

A Golden Renaissance

A major theme of Keith’s work—and raison d’etre of Monetary Metals—is fighting to prevent collapse. Civilization is under assault on all fronts. The Battles for Civilization There is the freedom of speech battle, with the forces of darkness advancing all over. For example, in Pakistan, there are killings of journalists. Saudi Arabia apparently had journalist […]
Mexico’s Economy Posts Strong Third-Quarter Growth

Mexico’s Economy Posts Strong Third-Quarter Growth

from the Dallas Fed — this post authored by Jesus Canas and Benjamin Meier Mexico’s economic output recovered sharply in the third quarter, rising an annualized 3.6 percent after contracting in the second quarter. The consensus growth forecast for 2018 held steady in October at 2.1 percent. [ 1] More recent data are mostly positive. […]
3 MFS Mutual Funds For Spectacular Returns

3 MFS Mutual Funds For Spectacular Returns

Renowned global asset manager MFS aims to provide an array of financial products and services to fulfill the needs of investors as well as 10,000 investment professionals. Based on assets raised in the country or region, the company manages worth over $454.1 billion (as of Oct 31, 2018). The company has 1,700 employees dedicated to […]
Black And Blue Friday

Black And Blue Friday

Oil price got into the price slashing mode in one of the biggest black Friday collapses since OPEC declared a production war on U.S. producers Thanksgiving 2014. The market went into free fall mode as it was unclear that OPEC, or mainly Saudi Arabia, has the gumption to stand up to President Donald Trump and […]
The Worst Place To Be For Bond Investors

The Worst Place To Be For Bond Investors

Last week, Jeffrey Gundlach of DoubleLine Funds did a webcast where he noted, among other things, that investment grade corporate bonds are terrible. There is no way to win with them, he said. As much as half the investment grade universe could be downgraded to junk, and that will take buyers out of the market […]
Debt Contagion Is Now Spreading To More Systemic Debt Instruments

Debt Contagion Is Now Spreading To More Systemic Debt Instruments

Ignore the day-to-day moves in the markets, in the big picture, some MAJOR is happening… namely, that the Everything Bubble is bursting. By creating a bubble in sovereign bonds, the bedrock of the current financial system, Central Banks created a bubble in EVERYTHING. After all, if the risk-free rate of return is at FAKE level based […]
Small-Caps Last Week Continued To Bleed But Performed Relatively Better – Signal Or Noise?

Small-Caps Last Week Continued To Bleed But Performed Relatively Better – Signal Or Noise?

US stocks continued to take it on the chin last week. Amidst this rout that began early October, small-caps last week performed relatively better. Bulls hope this is a signal, not a noise, at least near term.   US M2 money velocity continued to inch up in 3Q18, but from a very suppressed level. At […]
Nearly All The Major Asset Classes Lost Ground Last Week

Nearly All The Major Asset Classes Lost Ground Last Week

US investment-grade bonds were the exception, courtesy of a flat performance. Otherwise, the rest of the major asset classes fell last week during a wave of selling, based on a set of exchange-traded products. The outlier: Vanguard Total Bond Market (BND), which was essentially flat by the close of trading for the week through Nov. 23. The […]