“We don’t have a government, we don’t have an opposition,” said satire magazine editor Ian Hislop on BBC’s Question Time, Thursday. The Prime Minister appeared on the morning after the EU Referendum vote to announce his resignation, effective a long time hence. Since then, the ship of State has been not so much rudderless as…
When sellside strategists, such as Deutsche Bank’s David Bianco, throw in the towel and the best they can come up with is a 100 word admission that nothing makes sense anymore, and that the S&P has never been “more disjointed from other assets”, it’s either a time to sell everything… or buy anything. From DB: For many…
In an article I wrote about a week ago, I reviewed the current P/E (price earnings ratio) of the sectors that comprise the S&P 500 Index. The article included the below chart which compared the current sector P/Es to the respective sector’s average P/E and minimum P/E over the past ten years. the article noted some…
Everyone knows that the market has been an incredibly volatile place to be as of late. With global economic concerns weighing, we’ve seen incredible movement in the market. However, late last week, we started to see incredibly strong movement in US stocks after the non-farm payroll report. Today, we’ll talk about what we saw from…
Here are seven ETFs of interest and a few thoughts on each. First up is the agricultural commodity ETF, which has a decent basing pattern. This isn’t very heavily traded, and it isn’t a big percentage mover, but it also isn’t prone to shocking moves, either. The triple-bearish energy instrument, shown below, looks like it’s…
Source: riskdynamics.eu The United States has learned from its bad experiences during the Global Financial Crisis when almost its entire financial system was going down in flames. Stress tests to find out how banks would be able to deal with economic adverse scenarios became mandatory, and the European Union followed suit with its stress tests…
New highs – here we come…Correct again. The S&P has now taken out the June intermediate cycle high and is only 10 points from taking out the all-time highs. You need to use cycles to spot these turns. This is why the technical crowd, EW crowd, etc. continue to get these wrong. Face it, these…
New highs – here we come…Correct again. The S&P has now taken out the June intermediate cycle high and is only 10 points from taking out the all-time highs. You need to use cycles to spot these turns. This is why the technical crowd, EW crowd, etc. continue to get these wrong. Face it, these…
Investors generally tend to cling to the price-to-earnings (P/E) metric while looking for bargain stocks. In addition to being a widely used tool for screening stocks, P/E is also a popular metric to work out the fair market value of a company. However, even this universally used valuation multiple is not without its limitations. Is…
While the algos have long forgotten about today’s job report whose headline was good enough to unleash an epic buying spree which has pushed the S&P to the highest level since July 2015, a quick read between the lines reveals a continuation of some recent troubling trends, namely that all job gains in recent years…
