This, That & The Other Thing
Last week, I was unable to produce a newsletter so I will be updating my analysis from two weeks ago. Fortunately, nothing has changed much as the ongoing levitation of asset prices in hopes of “tax cuts/reform” still linger even as the risk of disappointment seems to have risen. On Thursday and Friday, the market experienced […]
Week In Review: China’s Creat To Restructure $1.5 Billion Biotest Takeover
Creat Group of China has withdrawn its current $1.5 billion offer to acquire Biotest, a German blood plasma products corporation, because US regulators refused to approve the deal (see story). According to Bloomberg, the Committee on Foreign Investment in the United States was worried that a China corporation would have access to US donor information. Creat and Biotest said the acquisition can not be […]
Saturday Charts Review
The ECRI index is pointing higher, and the small caps are still holding above an uptrend line. These indicators are favorable, even though the summer weakness in the ECRI index may be indicating a spotty economy in the months ahead. The weak M2 growth is a concern. This index is very sensitive to the […]
Fed’s Balance Sheet Increases This Week
Houses Too Expensive? This sentiment indicator for housing is interesting because it isn’t a contrarian indicator. Usually when you see investors euphoric about stocks, you want to sell. In this poll, the slightly over heated market is being met with skepticism. People in the housing market are much more rational than stock speculators. Although the […]
The Spiral: ‘History Repeats Itself And The Price Is Higher Each Time’
Regular readers will recall that we’ve written a ton on the rolling boom-bust cycles that invariably accompany an untethered system (i.e. a system that is not based on or anchored to a universally accepted, finite store of value like precious metals). Importantly, we separate this discussion from considerations about the actual value of gold or […]
Europe Main Indices – DAX / FTSE / CAC
I’m sharing some world major indices chart. Please have a look … DAX Monthly Chart – Keep a close watch on DAX… This month closing is very important !! Close below 13052 level will be negative. DAX Weekly Chart – Weekly also suggesting Sell now. Has made Bearish Engulfing Candle and also has […]
Curb Your Enthusiasm! Why It’s Time To Reset Expectations
One of the key themes from our investment strategy conference this year (see here for audio and slides) was how valuations and sentiment play into future stock market returns. Valuations and sentiment go hand in hand as valuations indicate what people are willing to pay for a dollar of earnings. During times of exuberance, investors […]
De-FANGed: Five Ways The Disrupters Could Be Disrupted
We highlighted the launch of the ICE FANG futures contract earlier this week (here) and what an auspicious moment it was for the launch. The argument put forward by Kevin Muir via The Macro Tourist blog, was that it is possible to be “bearish on the FANG stocks, but not be some perma-bear who thinks […]
Stocks And Precious Metals Charts – The Yellow Sign
“In reality, though, it was never about us and our economy at all. Today it is obvious that all of this had only one rationale: to raise up a class of supermen above us. It had nothing to do with jobs or growth. Or freedom either. The only person’s freedom to be enhanced by these […]
What’s Behind The Recent Surge In Oil Prices?
Video Length: 00:05:55 On the latest edition of Market Week in Review, Rob Cittadini, director, Americas institutional, and Chief Investment Strategist Erik Ristuben discussed the recent rise in oil prices amidst political unrest in Saudi Arabia. Oil prices on the upswing as turmoil engulfs Saudi Arabia The recent events in Saudi Arabia helped fuel a […]
