Financial Sense

The Case for a Bull or Bear Market in Two Charts
Charles Hugh Smith's picture

Which appears more likely—a straight-line extension of the past two years' rise in stocks, or another "impossible" decline to complete the megaphone pattern?

3 Reasons Yellen's FOMC Remains Dovish
Sober Look's picture

What makes Janet Yellen and a number of other FOMC members so dovish with respect to monetary policy and in particular the trajectory of rate normalization? A Credit Suisse report sites 3 key factors, which Yellen calls “unusual headwinds"...

Like Dripping Silver Icicles
Keith Weiner's picture

I don’t typically emphasize price charts in analyzing the market, however something unusual has been happening in the spot (physical) silver market. It did not happen in the silver futures market, nor in the gold market.

Are Commodities Talking to Us?
Ned W Schmidt CFA's picture

Markets often do talk to us, if only we would listen. Our ears serve as only part of listening. An open mind is also required. Regrettably, minds receptive to new thoughts and questions have been somewhat outmoded in the investment world for many years. Why else do so many seem to ignore what commodities are saying?

Respecting the Message of Bob Farrell’s Rule #7
Chris Puplava's picture

There are many successful investors who have accumulated decades of experience and have drilled down their pearls of wisdom to insightful lists. One such list, or ten rules to remember, comes from legendary investor Bob Farrell who spent decades at Merrill Lynch & Co. and retired as their chief stock market analyst in 1992.

China’s Market Finally Looks Like a Buy
Sy Harding's picture

Is China’s economy, the second largest in the world, a disaster coming down to a hard landing, which has been the popular forecast for four or five years now? Or is it merely slowing from unsustainable double-digit growth of more than 12% a few years ago, to a more reasonable and sustainable pace?

Geopolitics and Markets
John Mauldin's picture

Growing geopolitical risk is on everyone’s mind right now, but in today’s Outside the Box, Michael Cembalest of J.P. Morgan Asset Management leads off with a helpful reminder: the only time since WWII that...

Inside the Market's Mind: Investment’s Hard Problem...and Why It Can’t Be [Quantitatively] Eased
Patrick Schotanus's picture

A number of researchers (most recently Nassim Taleb with his anti-fragility thesis) have pointed out that repressing naturally occurring behavior, for example because it is unpleasant, will exactly cause it to build up, sometimes elsewhere in the system.

The Current ECB Programs Create a QE-like Environment, Setting Up for Moral Hazards
Sober Look's picture

In spite of weakening economic growth, persistent credit contraction, and dangerously low inflation rate in a number of member states (chart below), the ECB continues to resist calls for Fed-style outright securities purchases.

Q2 Earnings Show Improvement Over Prior Quarters
Sheraz Mian's picture

We now have Q2 results from 226 S&P 500 members that combined account for 53% of the index’s total market capitalization. Total earnings for these 202 companies are up +9.9% from the same period last year on...