How The U.S. Treasury Just Crushed 80 Hedge Funds
The following list, according to Goldman Sachs, shows 50 stocks that most frequently appear among the largest 10 holdings of hedge funds. Spot the top one. After today’s absolutely slaughter of Allergan, we expect the Goldman Hedge Fund VIP basket, whose constituents this table shows, to be absolutely obliterated. And just like that, the […]
4 Strong Buy New York Muni Bond Mutual Funds
Investors interested in deriving stable returns that are exempted from Federal and New York income tax may consider New York municipal bond mutual funds. Though municipal bonds or “munis” come with lower yields than taxable bonds, they fetch better returns for investors in high tax brackets if we consider after-tax returns. These mutual funds are […]
Three Buffett-like Investment Principles Anyone Can Do
While there are many books, gurus, and websites telling investors that “that you too can invest like Warren Buffett” …the sad truth is—you really can’t. The average investor can’t be like Buffett; he is extremely intellectual, his IQ is off the charts, Charlie Munger said, “The man is a learning machine.” So how can stock […]
GDPNow Forecast Sinks To 0.4% Following More Weak Economic Report
Following another set of weak economic reports, the Atlanta Fed GDPNow Model for first quarter US GDP sank 0.3 percentage points to 0.4%. Latest forecast: 0.4 percent — April 5, 2016 The GDPNow model forecast for real GDP growth (seasonally adjusted annual rate) in the first quarter of 2016 is 0.4 percent on April 5, down from […]
Talk Of Secret Shanghai Agreement Is A Distraction
Conspiracy theories have run amok. After several years of claiming countries were engaged in currency wars, or attempts to drive their currencies down to achieve export advantage, many reporters and analysts announced a volte-face. At the late February G20 meeting in Shanghai, a secret accord has been concocted that declares a truce in this made up war. […]
Bearish Setups You Should Be Watching
Two days in a row where the SPX is selling off, and today, if the weakness can hold, would be the biggest sell-off since March 8th. Some selling would definitely be in order here and continued selling today will be flashing sell signals across a lot of indicators. So saddle up, if we are putting […]
Broken Dealer
One of the less-watched indexes which is a favorite of mine is the Broker/Dealer index ($XBD in ProphetCharts). It can be a powerful harbinger of broad market moves. As you can see by the chart below, it is, as we professional technicians say, pooing all over itself, which probably explains why my portfolio has been doing […]
Technically Speaking: The Month Of April
In this past weekend’s newsletter, I laid out a case for being “cautiously optimistic” as technical action had improved and short-term buy signals had been triggered. To wit: “By the time “buy” and “sell” signals are triggered, the initial recovery has already completed most of its initial move. This is completely expected. Importantly, if the markets are indeed reversing course, the entry […]
4 Great Stocks To Ride The IBB Rebound
Impressive gains from a medical equipment company following particularly promising clinical trials helped the healthcare sector gain more than 1% on Monday. This was the single bright spot on a day when stocks moved lower. Still in the red year to date, the sector has made an impressive comeback over the last month, gaining nearly […]
Slowdown Continues; Lost Time Accumulates
US trade statistics for February improved in both exports and imports, but there are questions as to the reason for the reverse and whether it is actually meaningful. After abysmal performance in every segment and category in January, there was some give back in February including positive numbers in some places. That suggests that January’s […]
