The Quality Factor Is Now King
The Quality factor completed a six-week climb to the top of the factor rankings, knocking Value down to sixth place in the process. Financials and Technology sit atop the sector rankings, as Telecom falls to the bottom. Not much change from a global perspective, with Latin America still at the helm and Canada relegated to […]
Oil Falls & The GOP’s Timeline Extends Further
The bearish theses I have had for the past few weeks have been coming to fruition in the past few days. The reward for being correct has thus far been less than a 2% correction in the S&P 500. The tilt is clearly positive. Being precisely correct on two negative catalysts still hasn’t brought a […]
Silver Market Poised For Big Reversal When Institutional Investors Move In
The Silver Market is going to experience a big reversal when the Hedge Funds and Institutional investors rotate out of highly inflated stocks and into precious metals investments. This is not a matter of if, it’s a matter of when. And the when, could be much sooner than we expect due to the huge problems […]
U.S. Banks Are Still Cheap – But How Much Good News Has Already Been Priced In?
U.S. large cap banks are now more than 65% above the lows from last June which should come as no surprise given the fact that they are the only sector that can directly benefit from rising interest rates and if we assume some dialing back in financial regulation as the Trump administration promises. The question […]
Time, The Biggest Risk
If there is still no current or present indication of rising economic fortunes, and there isn’t, then the “reflation” idea turns instead to what might be different this time as compared to the others. In 2013 and 2014, it was QE3 and particularly the intended effects (open ended and faster paced, a bigger commitment by the […]
Daily Trading Opportunities – Friday, March 10
During the session on Friday, we get a handful of announcements that could move the market, most significantly industrial numbers coming out of the United Kingdom. Ultimately, it’s likely that the market will continue to be a reasonably choppy. WTI Crude Oil The WTI Crude Oil market has collapsed, and it appears that any time […]
Noted Forecaster Sean Spicer On CBO Projections
From The Hill: If you’re looking at the CBO for accuracy, you’re looking in the wrong place,” White House press secretary Sean Spicer said Wednesday. Since Mr. Spicer’s BA is in government rather than economics, I thought it useful to consult some documentation based on quantitative assessment. Here are three graphs from CBO, “CBO’s Economic Forecasting Record: […]
Quiet, Almost Too Quiet
Podcast: Play in new window | Play in new window (Duration: 13:15 — 7.6MB) DOW + 2 = 20,858 SPX + 1 = 2364 NAS + 1 = 5838 RUT – 5 = 1360 10 Y + .05 = 2.60% OIL – .53 = 49.75 GOLD – 7.20 = 1201.80 Stocks dipped in afternoon trade but held on for […]
Fossil Fuels Are Toast – But Real Assets Are Still The Place To Be
With all the oil-related headlines we’re exposed to each day, you might assume that “black gold,” along with other fossil fuels like coal and natural gas, matter to humanity’s future. You’d be wrong. Like Keynesian economics and fiat currencies, fossil fuels are near the end of their run. From here on out, solar is the […]
Get Ready – Employment Report Shows Risk Ahead
The indexes finished the day massively unchanged. However, Oil and Bonds continues to move lower ahead of the job report on Friday. All eyes on the job report as this seems to be the most important one to come out in a while. It’s the last major economic report before the Fed decides a potential […]
