Rather quick deterioration in momentum in U.S. stocks From sentiment to Greece to $, worrywarts have plenty of things to worry about Next couple of days will be crucial for bulls to step in and try not to let things … Continued
Business Insider this morning ran a small piece discussing Goldman Sachs’ euphoric sentiment indicator. Goldman chief equity strategist David Kostin writes: “Our Sentiment Indicator currently stands at a maximum possible reading of 100, suggesting the S&P 500 has near-term downside … Continued
“Markets can remain irrational longer than you can remain solvent” Message from several technical indicators not uniformly bearish, but leans that way Time to be contrarian? NAAIM members’ exposure to U.S. stocks at 96, vs under 10 mid-October If U.S. … Continued
NYSE margin debt only increased $3.3bn in November. The S&P 500 rose 2.5 percent in the month. Except for brief ups and downs toward the middle of 2014, margin debt has essentially gone sideways for the first 11 months last … Continued
With massive inflows just last week, stocks need another to stay afloat With at least three important events on calendar, Jan can throw wrench in the works With stocks holding up amidst signs of preference for risk-off; opportunity to sell … Continued
On Monday while discussing the dynamics between the dollar and U.S. trade/current account balances, one of the charts did not use the latest data. Due to the holiday last week, the CFTC reported this week futures positions ended the 23rd … Continued
Otherwise sleepy utilities outrun S&P 500 large-caps by wide margin this year Valuations stretched, but XLU’s dividend yields compare favorably to 30-year yields With signs of crowded trade, worth waiting on XLU, as path of least resistance lower near-term Utilities … Continued
One of the perplexing things in the current economic cycle has been the suppressed velocity of money. Six years into recovery, velocity has yet to pick up steam. As the chart below shows, excess reserves have gone toe-to-toe with the … Continued
3Q14 GDP numbers revive – once again – hopes of surge in business capX Collapse in November y/y growth in orders for non-defense capital goods ex-aircraft With energy accounting for nearly 1/3rd of S&P 500 capX, capX bulls will have … Continued
Dollar continues to act well technically, amid signs of overcrowded trade U.S. exports’ share of GDP near all-time highs, means higher risk/reward to economy Strong greenback has not resulted in higher current account deficit last three years, a trend to … Continued