oday’s argument is that markets that peak in the summer tend to bottom in October. We could probably have found more dramatic examples for our presentation today- the stock market ‘crashes’ in 1929 and 1987...
Read MoreWe are going to show what we believe is a long-term positive view on the Japanese stock market but to get from here to there we first have to establish a premise or two. Many have noticed over the past few years that the trend...
Read MoreAt present corn prices are close to one third the level of gold prices (323 vs. 948). Given that the ratio has only declined to current levels on three prior occasions since the 1970’s we thought that this might be a...
Read MoreAug. 26 (Bloomberg) — Gold and silver futures fell as the dollar’s rebound reduced the appeal of commodities as alternative investments… Bullion for immediate delivery rose $1.18 to $945.93 at 3:27 p.m. New...
Read MoreThere are any number of reasons why natural gas prices are currently so low compared with crude oil prices. Increased production from unconventional shale fields in Texas and Louisiana and weaker industrial production are...
Read MoreThe problem with long-term or macro perspectives is that they can be absolutely correct… give or take a year or three. In a world that defines ‘long-term’ as the end of the current quarter this kind of...
Read MoreAug. 20 (Bloomberg) — Canada’s dollar touched the strongest level this week, erasing earlier losses, after Goldman Sachs Group Inc. advised purchasing the currency against its U.S. counterpart. The Canadian...
Read MoreAug. 19 (Bloomberg) — U.S. stocks rose for a second day as energy shares climbed on a rebound in oil and Merck & Co. led drugmakers higher after a judge upheld a patent, helping the market erase an early drop triggered...
Read MoreAug. 17 (Bloomberg) — Stocks tumbled around the world, led by China, while the yen, dollar and Treasuries rose as investors speculated that a rally in riskier assets has outpaced prospects for economic growth. Energy and...
Read MoreThe markets continue to teeter rather precariously on a knife’s edge as two opposing trends fight for dominance. Asian/BRIC/commodity price strength is on one side with bond prices, the dollar, and the Japanese yen on the...
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