One Of The Most Accurate Forecasters Of 2016: “S&P Is The Most Overbought Since 2009: Sell!”
Lately being a bear has meant sharing quite a crowded field. First it was JPMorgan, which not only said to sell any rallies, but three weeks ago said it had gone “underweight stocks for the first time since the financial crisis”; then technicians such as Evercore ISI summarized their sentiment as follows “I’m out; my […]
Why I’m Still Short Miners (And You Should Be Too)
Right now, the industrial commodities complex (along with the Dow and the S&P 500) seems to be recovering. The key word there is “seems.” BHP Billiton (BHP) has recovered 33% since January lows, Glencore is up 112%, and GSG and DBC, the broad-based commodity indexes I track, are up about 17% and 13% respectively since […]
Is The S&P 500 Trading At Expensive Valuations?
Analysis Overview – Amidst volatility, the S&P 500 index has largely been range bound in the last 24 months with the index returning 9.5% during this period. This article discusses historical and forward valuations for S&P 500 to conclude on the potential direction for the index in the next 12 months. S&P 500 PE Valuations (1988 […]
What 2 Things Can Accenture Depend On This Quarter?
Photo Credit: Luis Villa del Campo Accenture PLC (ACN) Information Technology – IT Services | Reports March 24, Before Market Opens Accenture (ACN), one of the largest management consulting firms, is scheduled to report FQ2 earnings tomorrow, before the opening bell. The company is coming off a mixed first quarter where it missed the Estimize consensus by […]
Short Setups If This Market Were To Finally Break
I’m actually net short on this market – that is 10% short, 90% cash. I honestly see the reward being to the downside, while the market to the upside has hardly no reward until the market does in fact pullback. Basically the market is stuck in a conundrum. Bulls want this market to go higher, […]
Self Fool-Filling Prophesies
Edgar Allan Poe was intimately familiar with our deepest, dreaded fears. In Poe’s characteristically dark The Cask of Amontillado, the murderous main character Montresor, lures the inaptly named Fortunato to his death. Montresor believes he is exacting revenge upon his noble peer for a grave insult and entices the drunken Fortunato with the promise of a […]
Can You Earn Superior Returns?
Research I recently dusted off the Moto Guzzi and took a little ride to Alpharetta, Georgia. It was a perfect day for a motorcycle ride, at least for me. It was 60 degrees, sunny, and the wind was to my back. Covered from head to toe in full protective gear that my family calls the […]
Sector Snapshot: Will The Energy Surge Continue?
The last month has seen a shift in the fortunes of energy stocks with the sector leading the pack with a return over 11%. Will it last? That probably depends more on the direction of the US dollar than it does any of the alleged production agreements that get so much press and rarely produce […]
EUR/USD And GBP/USD Forecast – March 23, 2016
EUR/USD The EUR/USD pair fell during the course of the day on Tuesday, testing the 1.12 level. There is an area that is supportive near that handle, and as a result it looks like the buyers will get involved sooner or later. I also believe that the Federal Reserve stepping away from the extremely hawkish […]
New Home Sales Near Consensus On Muddle-Through Track
Following last month’s dismal showing, new home sales rebounded pretty much in-line with estimates, with the Western region leading the way. Year-on-year sales are up in the West by 10.2% and the Midwest by 1.2%. Sales are down in 3.8% in the Northeast, and 14.3% in the South. There is not a lot of overall […]
