Chris Puplava's Contributions

Market Looking Vulnerable: A Deep Dive Into Bond Spreads and Market Internals

Mar 27 – One of the areas of concern cited by the Fed last year was the leveraged loan market, which took a nose dive in Q4. This space had a strong Q1 rally but has since peaked and is rolling over again. Looking at corporate credit default swaps...

Was It All Just a Bad Dream?

Mar 22 – The answer to that question depends on what one believes were the ultimate causes of the decline and what the outlook is for 2019. If you believe the fourth quarter 2018 decline was largely...

Is the Consensus Wrong?

Mar 15 – Today we look at what the consensus believes—the Fed is done raising interest rates, earnings and the economy are set to rebound, and the market outlook is still positive. We address each of these in the context of our own...

Stocks Still In a Bullish Mode, Says Tom McClellan

Mar 1 – It was a mixed week on Wall Street. This week’s technician, Tom McClellan, talks about that volatility. He is bullish and says stocks are going higher. We also have another installment of Smart Macro with Chris Puplava where we look at global LEI’s...

Oil: Unloved, Undervalued and Under Owned

Feb 08 – Oil prices hit multi-year highs in 2018, but by year-end fell nearly 40 percent. Now a month into 2019 stock prices are rising and oil prices have somewhat recovered. In this edition of the Big Picture Jim and Chris discuss waivers for Iranian oil, increased production by...

Chris Puplava's 2019 Outlook - Buckle Up!

Feb 07 – At the onset of 2018, market soothsayers gave their outlooks for the year. The consistent theme from every economic commentator and investment strategist was jubilation for the most synchronized global growth period since the 2008 ...

To Pause, or Not to Pause: That Is the Question

Dec 14 – Next week’s Federal Open Market Committee (FOMC) meeting outcome will likely end the market’s consolidation over the last two months. If the Fed turns a deaf ear to the market and does not signal a pause...

Nearly Two-Thirds of the Entire U.S. Stock Market Just Went Through a Bear Market

Nov 12 – The S&P 500 fell 6.9 percent last month, making it the third worst month since the bull market began nearly 10 years ago. The decline was sharp and swift with some U.S. companies losing over $10B in market capitalization...

Global Trigger Points for Risk-Off, U.S. Recoupling

Aug 18 – In today’s Big Picture podcast, Ryan and Chris Puplava discuss the international trigger points that may set off a risk-off correction in global markets. They look at Turkey, Italy, the US dollar, technical concerns...

US Markets Likely to Recouple with Global Equities - Correction Ahead

By Chris Puplava – In our Q3 2018 newsletter (And Then There Were None) we highlighted three concerns we felt could ultimately weigh on US markets, causing them to resync with global equities, which have been declining for most of the year...

Watch for Signs of European Flight to Safety Spilling Over to U.S. Shores

By Chris Puplava – It seems as though every year we have a scare in Europe and, if it’s not Greece, then it’s another member of the infamous “PIGS” countries (Portugal, Italy, Greece, and Spain). This year, Italy is in the spotlight...

And Then There Were None

By Chris Puplava – Over the last year, we have progressively seen global equity markets undergo significant declines from their highs while U.S. markets have remained resilient. This is likely due to the tax stimulus passed last year as well as record corporate...

Big Picture: “And Then There Were None”

Jul 7 – For the first half of 2018, emerging markets are down almost 8%. Developed markets ex-US are down 4.5%. Emerging market currencies are also down big this year and bonds haven’t fared well either. About the only thing...

Gary Shilling Part 1; Chris Puplava on EM Capital Outflows

Jun 23 – FS Insider interviews Financial Sense® Wealth Management CIO Chris Puplava on the QE unwind by the Fed and other central banks now putting pressure on emerging markets, the high yield debt market, and other...

Credit Default Swaps Show Liquidity Risks Remain

By Chris Puplava – Deutsche Bank credit default swaps (insurance against default risk) are moving back up today. Unicredit (Italian Bank) CDS moving back up after a 2-3 day respite while the stock price remains weak. At the same time, there has been NO rally...

Emerging Market Stresses Likely Just Getting Started, Says Chris Puplava

Jun 1 – FS Insider interviews Financial Sense Wealth Management CIO Chris Puplava on the QE unwind by the Fed and other central banks now putting pressure on emerging markets, the high yield debt market, and other...

Chris Puplava on Buyback Bonanza, EM Trouble, and “Private” Yield Curve

May 18 – FS Insider interviews Chris Puplava, CIO of Financial Sense Wealth Management, to discuss the bonanza in stock buybacks by US companies, why risks are brewing for emerging markets, and how we now see an...

Chris Puplava on 2018 Growth Slowdown, CB Liquidity Drain

Apr 28 – In today’s podcast, Financial Sense Newshour speaks with Chris Puplava to discuss his recent quarterly newsletter, “We Are About to See Who’s Swimming Naked,” on the central bank liquidity drain, rollover in...

We Are About to See Who’s Swimming Naked

By Chris Puplava – Buffett is full of pithy quotes. One of my favorites is, “Only when the tide goes out do you discover who’s been swimming naked.” In the realm of investing, the tide of liquidity (or the amount of money (or the amount of money circulating...

Trump Giveth and Trump Taketh Away

By Chris Puplava – The markets rallied strongly over the last year on President Trump’s tax reform and now the markets have, more recently, been selling off due to tariffs. As investors are coming to learn, when it comes to the stock market, Trump giveth and...