Our recent market technician, Louise Yamada, provides her view on what to watch for a market top, while noting that multi-year breakouts in a number of large tech names may offset losses in other areas and drive more rotation.
The Latest Conference Board Consumer Confidence Index was released this morning based on data collected through July 17. The headline number of 90.9 was an improvement over the revised June final reading of 86.4, an upward revision from 85.2.
Earnings remain front and center in today’s session even as we move into the second half of the Q2 reporting season, which has broadly offered a positive and reassuring picture of corporate profitability.
While we are busy arguing whether the Fed’s exit will consist of rising rates, reverse repos or the trimming of its massive portfolio, the Fed may well be fooling all of us. Investors must have been swallowing lots of blue pills not to see the illusion hiding in plain sight.
BRICS countries have launched the New Development Bank with the aim of boosting infrastructure investment. The new bank may not become a key lender in the world economy but could challenge Western development policy.
Standard & Poor’s reported(.pdf) that U.S. home price gains have slowed dramatically in recent months and, on a seasonally adjusted basis, home prices have now declined for the first time in two-and-a-half years as shown below.
Ah, myths, urban legends and conspiracy theories -- don’t you just love ‘em? Still, you would think that in this day and age, when information flows more freely than ever before, they would be less prevalent than they were in the pre-Internet days.
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?
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"...
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.
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?
- Yamada on Market Top, Multi-Year Breakouts in Tech Stocks, and Downtrend in Gold
- The Case for a Bull or Bear Market in Two Charts
- Consensus Building for 2016 Stock Market Bubble, Crash
- Bulls Take Notice - Caution Suggested as Credit Markets and Equity Markets Diverge
- Avi Gilburt: Gold Could Break Below $1000; Sees Sharp Decline in Stocks Before Final Top