S&P Valuation Behind The Curve
Apparently, no one sent the market memo to the S&P 500 until last week when investors woke up to the prospect of “stretched” valuations after months of warnings from US Federal Reserve Chairwoman Janet Yellen. Last Friday’s substantial losses come on the heels of global equity losses to which US benchmarks are not immune, but […]
The Secular Advisor – July 27, 2015
Economy – Additions & Updates Additions – inflation expectations, World trade, China electricity consumption & manufacturing Updates – initial jobless claims, housing, sentiment, manufacturing Asset Allocation – Additions & Updates Additions – US only allocations, currency trends Updates – none Economic Summary: Initial Jobless Claims – falling Inflation Expectations – on target Housing – existing home sales: expanding, new home sales: falling Sentiment […]
Baidu Inc Shares Fall After Earnings Miss
Baidu Inc (ADR) (NASDAQ:BIDU) released its latest quarterly earnings report after closing bell tonight, posting adjusted earnings of RMB11.19 per ADS or $1.81 per share on RMB16.58 billion ($2.673 billion) in revenue, a 38.8% year over year increase. Analysts had been looking for earnings of RMB10.58 or $1.88 per share on revenue of RMB16.57 billion for […]
The Most Important Market Trendline Since 2009 Was Just Broken
The trend is your friend… until it ends… Charts: Bloomberg
Fifth Day Of Selling
Sellers in the S&P made it five days of downside in a row. On this last day it closed near the day’s lows, but also on its 200-day MA. If there was reason for a bounce, then tomorrow could be the day. Technicals are all net negative. The Dow took the selling harder. It […]
Inflation Deniers Emboldened By Gold’s Struggles
The vultures are circling. Precious metals bulls, laid flat by gold and silver prices dropping for the 5th week in a row, are watching deflationists such as Harry Dent and the financial media squawk about the imminent demise of precious metals. The superficial and condescending coverage of the metals markets in the financial press has […]
Gold Daily And Silver Weekly Charts – Miner Miner
There is a chart of the GDX relative to the Price of Gold. This is why some will say that the miners are ‘weak relative to the price of the metal.’ And they are. They can get even cheaper, and the underlying metal can also get ‘cheaper.’ Sentiment is obviously at a negative extreme, and […]
The Fed Is About To Rattle The Market
“Everybody has a plan until they get punched in the mouth.” This quote, one of former heavyweight champion Mike Tyson’s most famous, is always relevant when investing. After countless hours of research, diversifying portfolios and strategies, investors feel confident about weathering a market storm — until they are punched in the mouth. Today, we are […]
S&P 500 Snapshot: Day Five Of The Selloff
The big pre-open news today was the historic -8.48% Monday rout in the Shanghai Composite, an event that no doubt rattled the optimists hoping that the China benchmark index had bottomed out last week. Euro zone indexes also saw some suffering, with DAX and CAC 40 both deep in the red and destined to close […]
