The single most important event in 2014 was one that did not occur: Europe did not solve its longstanding economic, political and social problems. I place this as number one because regardless of its decline, Europe remains a central figure in the global...
For a month, I’ve told subscribers that I believe we’re now entering the third phase of the bull market. Strangely, most market analysts – almost all of whom are considerably younger than I am – are not acquainted with the sentiment phases of a bull market...
The divergence investment theme is based on positive developments in the US and not-so-positive developments elsewhere. If the consensus ends up being wrong, the US narrative may be the most susceptible to disappointment. There seems to be three different ways that could unfold.
In last week’s Technician podcast, Financial Sense Newshour spoke with the well-known “Godfather of Technical Analysis,” Ralph Acampora. Ralph is a pioneer in the development of market analytics and has a global reputation as a market historian and a technical analyst.
And so it begins… Collapsing crude prices are starting to make their way through the North American energy sector, as the most unprofitable oil & gas rigs are mothballed. Those flashing red numbers are not just on your screen any more.
Geopolitical turmoil, ongoing strength in the dollar that crimps sales and earnings prospects for U.S. multinationals, currency wars/crises, systemic dislocations, and the onset of deflation in the eurozone and elsewhere are additional factors carrying downside risk for the U.S. stock market outlook.
Vladimir Putin would have been well advised to study the lessons of the Suez crisis before he invaded Crimea. Like Anthony Eden of Great Britain he is beginning to realize that economic warfare can be more ruthlessly destructive than military might.
With two reports a day, and often more, readers sometimes complain that keeping tabs on the thoughts of the various Gavekal analysts can be a challenge. So as the year draws to a close, it may be helpful if we recap the main questions confronting investors and the themes we strongly believe in, region by region.
The RecessionALERT Valuation Index (RAVI) is a multifactor valuation model that examines cyclically adjusted trailing SP-500 earnings (various multi-decade horizons), the SP-500 total-return index level, total stock market capitalization...
The cluster of Hindenburg Omens on the NASDAQ, S&P 500, and Russell 2000 correctly warned of a pullback in the markets but now that we appear to be stabilizing with the FOMC meeting out of the way how should investors view the recent market weakness?