SPX Hits 2600 As Social Chaos Churns
I last wrote about the SPX:VIX ratio in my post of October 25. I mentioned that if the price dropped and held below the 200 level, expect volatility to increase and weakness to set in on the SPX…and, that if it failed to do so, we could see the SPX reach 2600 before such a scenario may ensue. Since that date, we’ve seen the SPX stabilize somewhat, […]
Campbell (CPB) Misses On Q1 Earnings & Sales, Stock Down 8%
Campbell Soup Company (CPB – Free Report) posted first-quarter fiscal 2018 results, wherein both earnings and sales missed the Zacks Consensus Estimate and declined year over year. This marks the third consecutive quarter of negative earnings surprise with fourth straight revenue miss. Per management, the underperformance was due to a volatile operating environment along with intense competition and […]
Is This The Real Reason Why The Treasury Curve Has Been Collapsing For A Month?
A ‘funny’ thing happened a month ago. The Treasury yield curve suddenly started to collapse… despite gains in stocks and positive economic data surprises… the question is, why? Here’s one possible reason why: Originally submitted by GovTrader, TL/DR: Tax reform creates pension fund incentive to buy 30yr bonds NOW. Currently, the top corp tax rate in the US […]
Visiting The Bearish Narratives
Stocks Are Expensive The current market is expensive, but earnings momentum and global growth from the emerging markets are keeping the stock market up. The time the expansion has left is dwindling as the yield curve has been flattening lately. However, the last couple years of gains in a bull market are usually the highest, […]
Bearish Watch-List
How much more depressing can these bearish watch-lists become? Yes, I still maintain one, but sometimes I do question the sanity behind doing so. Nonetheless, I think it is still important, because one day, this honeymoon between the market and the traders that trade in it, will end, and only the prepared will benefit from […]
Things To Be Thankful For: 2017 Market Returns
Below is an updated look at our asset class performance matrix showing total returns for ETFs so far in 2017. We also show total returns so far this month and in the fourth quarter. Aside from a few areas like the US Energy and Telecom sectors plus oil and natural gas, every other asset class on […]
Turkey ETF Slides Ahead Of Thanksgiving On Political Crisis
A Thanksgiving spread is not laid until the Turkey makes its presence felt on the table. Apart from the bird, another Turkey has been grossing investors’ attention this Thanksgiving. Yes, we’re talking about the country called Turkey. Let’s look at the investment odds surrounding this country right now and see why it’s not winning favor. […]
Recent Stock Purchase November 2017
With three weeks of November in the rear view mirror and the signpost up ahead reading “Thanksgiving weekend next exit,” it is time, once again, for me to report my monthly buy(s) and look forward to tuning out all the financial headlines and noise, at least for a few days. As I always say, there […]
Platinum Is The Metal To Own Right Now
The palladium price has not taken a break yet. Palladium is in a relentless bull market. The price of the silvery-gray metal soared in early 2016. The price more than doubled since then, and it shows little sign of slowing down. You can see what I mean in the chart below: Automobile demand is the sole […]
Selling Into Junk Strength
On this day of lifetime highs on almost every important index in the world, I’m selling short high-yield bonds. Here are a couple of ETFs, each of which have vaulted over the past week to their respective topping patterns. Here’s high-yield fund JNK: Here’s the second, HYG:
