Author: Kevin Klombies

We usually start off with a macro or long-term perspective but given that the end of the quarter is fast approaching we thought we would focus on something with a bit of shorter-term relevance. Keep in mind that today’s...

It is often said that those who do not learn the lessons from history are doomed to repeat them. Fair enough. To a point. One of our views is that the markets move in cycles and that these cycles are often long enough to look...

One the basic reasons that we began to explore, create, and develop intermarket analysis stemmed from the fact that very few people ever took the time to consider how the trend in one market might impact the trends in other...

When the equity markets make a major cycle bottom and turn higher there comes a time when rising prices move into a period of consolidation. This is often the result of a combination of a peak for cyclical asset prices combined...

In yesterday’s issue we introduced the idea that we may well be in a one-quarter crisis market trend. The problem is that in recent years we have witnessed a number of two-quarter energy price trends that have dominated...

To put this into perspective the markets can ‘split’ or diverge for extended periods of time. The tech sector, for example, dominated the equity markets to the detriment of rate-sensitive groups like the banks for 7...

The question today is… at what level will rising crude oil prices crater the equity markets? The premise, we suppose, is that recessions are supposed to change trends. When we get a recession and the trend fails to...

Below is a chart of 10-year Treasury yields and the ratio between the Morgan Stanley Consumer Index and Cyclical Index. The argument is that with long-term yields trending lower the offsetting trend for the consumer/cyclical...

March 16 (Bloomberg) — The president of the Tokyo Stock Exchange appealed for calm after an earthquake and nuclear accident triggered the biggest two-day decline in Japanese stocks since 1987. It is only Wednesday but it...

We are going to start off today by showing a chart that we have been running in the back pages for the last week or three. Our view is that it does a fairly good job of explaining the recent heaviness of the commodity and equity...