Market Focus: Markets
- May 23 A Close Examination of the Reversal by Ryan Puplava CMT
- May 23 Dollar Indices: Research Rubbish? by Ned W Schmidt CFA
- May 23 Is the Market Over-Reacting? by Sheraz Mian
- May 23 Marc Faber: Central Banks Should Be Manipulating Gold Higher, Not Lower by FS Staff
- May 23 Are Covert Operations Underway in the Global Currency Wars? by John Butler
- May 22 Today’s Dow Now in Third Place by Doug Short
- May 22 Daily Market Recap by PFS Group
- May 22 Breakout in Bond Yields Foreshadows Possible Economic Acceleration by Chris Puplava
- May 21 The Dollar Is Going Up by Keith Weiner
- May 21 Hot Money, Cold Credit by Steve Hanke
- May 21 Will Wednesday’s Fed Minutes Spark Sell-Off? by Chris Ciovacco
- May 21 Barry Bannister: Government Making Same Policy Mistakes of the 1930's by FS Staff
- May 21 What Could End the Rally in U.S. High-Yield Credit? by BCA Research
- May 21 Executive Sweet? by Brian Pretti CFA
- May 20 Positive Outlook Change for Chinese Stocks Could Have Bullish Implications for Commodities by Ryan Puplava CMT
Barry Bannister: The Biggest Risk to the Economy Is Government Policy, Not Fundamentals
Jim is pleased to welcome back Barry Bannister CFA, Managing Director at Stifel Nicolaus. Barry characterizes the first half of 2013 as recovery from a deflationary shock, with defensive stocks outperforming. He sees the second half of the year as a return of the “reflation trade”, with an emphasis on the energy, materials, industrials and technology sectors. Barry also discusses the many parallels between the depression-era policies of 1932-1937 and the current economic policies from 2009 -2013. He sees politicians repeating many of the same policy mistakes, and believes if the economy falters, it will be policy-driven, not from the economic fundamentals.
Ryan Puplava: Cyclical Rotation - The “Taper Trade” Is On, Defensive Stocks Are Off
Ryan Puplava does double duty this week, giving his technical analysis on the markets as well as his weekly Market Wrap-up. Technically, Ryan sees a cyclical rotation of stocks into what he refers to as The Taper Trade, and out of more defensive stocks such as health care and utilities. Ryan is bullish on energy and copper as they are tied to more robust economic activity. Ryan also discusses bonds, gold and currencies. In addition, Erik Townsend looks at Commodities and Rob Bernard has the Fixed Income Report.
Jim Puplava’s Big Picture: Game of Thrones - The Dollar vs. Gold
The first Big Picture topic this week is “Game of Thrones - the Dollar vs. Gold”. Jim looks at the massive global currency debasement among central banks, and in that current game the dollar is king. Gold is in the background and not a major player. Jim believes this will not last, but for now the dollar is winning the game. The next topic, “Forget a QE Exit Plan, Serial Money Printing is the Wave of the Future”, Jim notes that 14 central banks around the world have cut interest rates, and are printing money with no exit strategy in sight. He notes that the next Fed Chairperson, widely assumed to be Janet Yellen, will make Ben Bernanke look conservative when it comes to money printing.
Dan Steffens: Natural Gas Prices Going Up
Jim welcomes Dan Steffens, the President of Energy Prospectus Group (EPG), a networking organization based in Houston, Texas. Dan publishes EPG’s newsletter, “The View From Houston”. Dan discusses his views on natural gas, and lays out the case for higher natural gas prices ahead. Dan and Jim also discuss the energy stocks, and Dan advises investors to look for companies that balance natural gas and oil production, and can switch back and forth as market conditions warrant.