Don’t Be Fooled… “Helicopter Money” Is Already Here
Baltimore – We’re drifting in fog. Have been for years. And what’s this? A vague silhouette… the outline of something… coming into focus. Yes… it’s the strange Isle of Peculiarities and Impossibilities. When it rains on this island, the water comes up from the ground. When the sun shines, you have to put on your […]
13 Black Swans Swirling Above The US Economy
The black swans are circling like vultures now. Dark economic events seem to be flying in out of nowhere for those who have vision to see them. Even dovish New York Fed President William Dudley, who cannot tell the difference between money and hot air, sees a lot of black in the skies now and says that he is […]
When Does The U.S. Stock Bubble Burst: The Best Hedge Fund Of 2016 Has A Surprising Answer
The name of Russell Clark and his Horseman Global hedge fund are well-known to regular readers: Clark is perhaps best known not only for having run a net short book since early 2012… … but for being consistently profitable and successful during this period, a time when most of his “pedigree” peers have been underperforming the market […]
Chasing Momentum
Momentum is one of the most powerful and persistent market anomalies. The evidence supporting this assertion is overwhelming. The idea that buying past winners and selling past losers (from 1-12 months) can lead to outperformance, though, is still bewildering to many. It’s not intuitive, especially for value investors, to believe that past performance in security […]
4 Utility Stocks Perfect For Low Beta Investors
The stock market has rebounded nicely now, thanks to the rally in oil prices and a positive set of data, particularly the jobs report that speaks of a recovering U.S. economy. Yet, investors can’t overlook the sharp sell-off seen earlier this year along with first-quarter earnings gloominess and feeble global growth. And until the 2016 […]
Dow Transports & Utilities Suggest Bull Market Is Back
The Dow Jones Transportation Average (DJT) and Dow Jones Utility Average (DJU) indexes are often seen as leading indicator of the overall stock market. With that in mind, let’s analyse the technicals of each index. The Dow Jones Transportation Average (DJT) is a stock market index of the American transportation sector. Price last traded at […]
S&P 500 Snapshot: A Fractional Loss, But Well Off The Intraday Low
In advance of the Good Friday market holiday, the S&P 500 logged its third consecutive loss following a four-day rally. Before the US market opened, global markets had closed or were trading in the deep red. The S&P 500 plunged at the open and quickly hit its -0.70% intraday low. After a few hours of […]
SP 500 And NDX Futures Daily Charts – The Gross Mispricing Of Risk Enabled By The Fed
“Complexity is often a device for claiming sophistication, or for evading simple truths.” John Kenneth Galbraith Stocks were lower in light trading volume, and like so many pre-holiday weekend days the light volume allowed trading algos to push the major indices back to unchanged. VIX stuck its nose up a bit, but was beaten back […]
Gold At Risk Of Severe Drop In Price – Here’s Why
Written by Clive P. Maund All the technical evidence suggests that gold is building out an intermediate top area [at this point in time]…After its parabolic ramp up in January and early February, it has been struggling to make further progress…Although it has edged ahead a little, the passage of time has resulted in its breaking […]
The Real Value Of Gold
I bought some Mexican gold on Monday. Old gold. Pre-World War II stuff. Two-peso coins slightly smaller than a U.S. dime that Mexicans used to carry around in their pockets — only these are not all banged up and gnarly like normal pocket change. They’re all in uncirculated or “about uncirculated” condition, meaning they’re really […]
