Fed Reserve Accommodates Investors Since 2008 But May Exit Party Unannounced
The Federal Reserve has wielded an undue amount of influence in the market’s recovery rally since the 2008 recession. Its accommodative monetary policy and quantitative easing (“QE”) have made for a most potent cocktail, “stimuflating” both asset classes and investor confidence. What people forget is that sometimes the hostess, no matter how gracious and entertaining, concludes that […]
Gold Sets Up To Pullback On Correction
Gold: With Gold rejecting higher level prices to close lower the past week, further bearishness is envisaged. On the downside, support comes in at the 1,240.00 level where a break will turn attention to the 1,230.00 level. Further down, a cut through here will open the door for a move lower towards the 1,220.00 level. […]
Moving Average Crossover Alert: Select Income REIT
Select Income REIT (SIR – Snapshot Report) is looking like an interesting pick from a technical perspective, as the company is seeing favorable trends on the moving average crossover front. Recently, the 50 Day Moving Average for SIR broke out above the 200 Day Simple Moving Average, suggesting a short-term bullish trend. This has already started to take […]
Crude Oil Volume Profile Observations
As mentioned last week on Twitter, I thought to provide some observations with TPO [time-price opportunities] and volume profiles. We will take a look on the WTI Crude oil market as it seems most traders are in love with this lovely beast. However, you can use this process on any other market as well. Last […]
Chipotle Ties Executive Pay To $700 Stock Price Target
In a regulatory filing Friday, Chipotle (CMG) stated, “In light of the challenges we faced during 2H15 and the resulting decline in the price of our common stock, in February 2016 the compensation committee of the board awarded performance shares to our executive officers that will be tied solely to highly challenging absolute stock price […]
Emerging Market Preview: Week Ahead-March 13
EM enjoyed an extended rally last week, and it should carry over to the early part of the week. The Wednesday FOMC meeting poses a risk to EM, especially if markets continue to price in a more hawkish Fed. The dot plots and press conference will be very important. BOE and the Norges Bank also meet […]
Another Pre-Fed Critical Juncture For The Stock Market
Sometimes what determines the health of a trend is not the immediate momentum but the capacity for coming back from a setback. In the last T2108 Update, I described how the market suffered a setback rare for this post-oversold bounce. On Friday, March 11th, the stock market came back strong. T2108, the percentage of stocks trading […]
Passive Investing – I Doth Protest Too Much
One of my favorite blogs, The Monevator blog, did a brief write-up on my new paper this weekend. If you don’t read their website you’re missing out because they consistently post some of the best financial content around. Anyhow, they had a very fair and objective view of the paper and approach to portfolio construction. However, one point […]
EC The Traitorous 8 And Birth Of Silicon Valley
Over my 25 year investment career, I’ve made quite a few technology investments and visited dozens of Silicon Valley companies. I heard bits and pieces about the story of the Traitorous 8, but I never fully comprehended the technology revolution they started. Out of intellectual curiosity, I decided to delve a little deeper into the […]
CAD: Rebound Going Too Far – CIBC
The Canadian dollar rallied hard and was only temporarily moved by weak employment figures. Has it gone too far? Here is their view, courtesy of eFXnews: We’ve had evidence that a weak C$ finally started lifting manufacturing shipments, export volumes and GDP generally towards the end of last year. However, the strong rebound in the C$ […]
