Money flows are shifting from lower to higher quality assets. This is a hallmark for aging bull markets and was exactly the same condition we saw leading up to the 2000 and 2007 tops. Tops are a process however and there is no set time table for how long...
In today's report we display and discuss the latest investor sentiment data according to surveys of futures traders, brokerage and advisory firms, and active Registered Investment Advisors (RIAs), plus the latest money market asset flows.
Investors Intelligence has been publishing their survey of investment advisors and newsletter writers since 1963. The initial presumption was that when all of the smart guys started leaning one way, then that was the way to lean.
The strong GDP report and a flood of Q3 earnings results provide the backdrop for today’s trading action. Stocks aren’t expected to do much in today’s session either, but the market’s overall reaction to Wednesday’s Fed announcement has largely been constructive.
Any doubts about why I own gold as an investment were dispelled last Saturday when I met the maestro himself: former Fed Chair Alan Greenspan. It’s not because Greenspan said he thinks the price of gold will rise — I don’t need his investment advice...
If beaten up Canadian investors are looking to assign blame for the bruising suffered by their portfolios of late, they could do worse than point an accusatory finger at China. The resource super-cycle that drove valuations...
The growth of trade slowed dramatically in the second half of 2010 to the end of 2011. The pace of growth has steadied around 2% over the last three years.
A slew of largely positive earnings reports and Fed anticipation provide the backdrop for today’s market action. Stocks are holding steady on a positive note despite the Durable Goods report that came in weaker than expected.
There are times when the market needs to catch its breath after a strong run to adjust to a changing macro environment—this is one of those times. Last year’s near 30% run in the S&P 500 was sure to be a tough act to follow with the end of QE and the prospect of Fed rate hikes coming closer into view.
An interesting article on MarketWatch today caught my attention. The subhead is the money quote, “Back in April every economist in a survey thought yields would rise. Guess what they did next.”