We have mentioned the autos and airlines for quite some time so we thought we would go back over one of the key ‘drivers’ today. Below is a comparative chart of the share price of AMR and the ratio between the...
Read MoreWe actually do follow at least some of ‘the news’. We are aware that Japan intervened to weaken the yen, that China’s currency rose to new highs against the dollar, and that U.S. energy inventories declined....
Read MoreBelow is a chart of the Japanese 10-year (JGB) bond futures. At present 10-year yields in Japan are in the vicinity of 1.15% and we have argued on occasion that anything below 2.0% represents a deflationary trend. Asset prices...
Read MoreOur working premise is that we will continue to see cyclical growth through the balance of the year leading to stronger equity and commodity prices. Below are two charts of the S&P 500 Index (SPX) and the spread between...
Read MoreWe are going to start off with a macro perspective today before moving on to our main topic. At top right is a chart comparison between gold futures and the share price of Coca Cola (KO). We are asked quite often when gold...
Read MoreWe are going to do something new today. The bottom line is that the argument is bearish for gold and bonds and points to at least the potential for a very strong equity markets rally through November. The argument begins with a...
Read MoreEarly in the last decade we argued in favor of the commodities sector with an emphasis on the shares of companies that produced raw materials. We wrote a number of positive articles on gold prices although much of our focus was...
Read MoreSept. 3 (Bloomberg) — Stocks rallied, extending the first weekly gain in a month for the Standard & Poor’s 500 Index, while Treasuries and the dollar fell as better-than-estimated growth in private payrolls...
Read MoreSept. 2 (Bloomberg) — U.S. stocks rose, adding to the biggest rally in the Standard & Poor’s 500 Index since July, and Treasuries fell as an unexpected jump in home sales and a drop in jobless claims tempered...
Read MoreWe are positive on the equity markets. We were, in fact, positive on the equity markets since the start of the current quarter although over the past few weeks our focus has largely been on ‘when’ our positive view...
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