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Crestmont Market Valuation Update

Crestmont Market Valuation Update

Quick take: Based on the February S&P 500 average of daily closes, the Crestmont P/E is 128% above its arithmetic mean and at the 99th percentile of this fourteen-plus-decade monthly metric.  The 2011 article P/E: Future On The Horizon by Advisor Perspectives contributor Ed Easterling provided an overview of Ed’s method for determining where the market is headed. […]
Bear Of The Day: Applied Optoelectronics (AAOI)

Bear Of The Day: Applied Optoelectronics (AAOI)

Applied Optoelectronics (AAOI – Free Report) was a market favorite in early 2017.The stock soared as buyers chased after each other to grab a piece of this ultra hot play. Times have changed and this stock is now a Zacks Rank #5 (Strong Sell) and the Bear of the Day. Description Applied Optoelectronics makes fiber-optic networking products primarily […]
Kroger Stock: New Initiatives

Kroger Stock: New Initiatives

Overview Kroger stock has been tumultuous of late. Kroger (KR) is one of the largest North American grocery store retailers operating 2,790 retail food stores in 35 states. The company has a lot different names under its belt including Kroger, Food 4 Less, City Market, Dillons, Fred Meyer, Fry’s, Harris Teeter, and Jay C. Kroger […]
Why Did You Send Gold Lower, Mr. Powell?

Why Did You Send Gold Lower, Mr. Powell?

Not nice, Mr. Powell! Gold prices fell more than 1 percent after your comments as the Federal Reserve’s new chairman. What did you say – and what are the implications for the precious metals market? As We Warned, Powell Is More Hawkish We have been alerting investors about the hawkish turn at the FOMC for a long time. […]
USDCAD – Fresh Highs Ahead?

USDCAD – Fresh Highs Ahead?

The loonie has been one of the weakest currencies against the buck this week. The pair has been affected by everything from risk aversion flows to NAFTA concerns to capital outflows. But the underlying reason for its weakness is the market’s appreciation of divergent monetary policies between the two neighbors. With the Fed clearly taking […]
Do Central Banks Have The Ability To Save The Markets Again?

Do Central Banks Have The Ability To Save The Markets Again?

(Audio length 00:15:11) Chris Temple joins me today to share his thoughts on the market’s reaction today to more of Powell’s comments in front of congress. We also look at the general pullback in positive economic data and follow up on Chris’s recent call that yields will peak this year. There is even the potential […]
The Master Cycle Update

The Master Cycle Update

Forecast from our public 2/15 blogpost: “The Master Cycle is expecting a short term 2/16H“ Forecast from 2/22 T&C Update: “The adjusted MC, shifted +1 and the Bitcoin Cycles, suggesting a 2/22L, then a continued rally for 2 more days 2/26H, before we see a decline into 2/27L. The 2 cycles above are now pretty much identical “ Actual: The Master Cycle (MC) […]
EC
                        
                        Send In The Canadians

EC Send In The Canadians

August 2014 was the peak in the U.S. energy sector, as long time investors know too well. The Alerian MLP Index remains down by more than a third, and larger firms are increasingly abandoning the structure to become regular corporations (“C-corps”). The Shale Revolution has tested the old model of paying out 90% or more […]
Consumer Spending +0.2% Prices +0.4%: Real Spending Declined 0.1%

Consumer Spending +0.2% Prices +0.4%: Real Spending Declined 0.1%

Personal income rose 0.4% in January, but consumers only spent half of the boost. The BEA’s Personal Income and Outlays report for January shows a boost bigger boost in income and prices than spending. Key Points Personal income increased $64.7 billion (0.4 percent) in January according to estimates released today by the Bureau of Economic Analysis. Disposable […]