Author: Kevin Klombies

For the first time in a while we are going to run through one of the various relationships that we use for Boston Scientific (BSX). We have included a second view on page 5 today.The argument begins with the observation that BSX...

We are going to return to an argument that we made on more than a few occasions earlier this year. The idea originated from the way the markets resolved through the equity bear market bottom back in 1982. The chart at right...

We have argued over the months that through the first half of the calendar year the energy theme has dominated while during the second half it has been ‘something else’. The idea is that from January through June the...

The basic markets trend over the past few years has been quite similar. Through the first half of the year commodity prices and long-term Treasury yields have risen while the final six months of the year has featured falling...

Through trading yesterday no major trend had clearly changed. The dollar has shown some life and the long end of the Treasury market has bounced offset by minor weakness in metals prices, the commodity currencies, and the share...

While the U.S. dollar ended higher in trading yesterday the Japanese yen was even stronger so we will use this ‘detail’ to start things off today. Belowwe show a chart of the cross rate between the Japanese yen (JPY)...

While we tend to focus on trend changes instead of the trends themselves the argument would be that a trend is a trend until it changes. As we approach the end of this year’s second quarter we thought this would be an...

We have the sense that there is still a bit of unfinished business left for the markets. Belowwe show a comparison between, from top to bottom, the ratio of Japanese bank Mitsubishi UFJ (MTU) to the gold etf (GLD), the sum of...