What is more important- growth or value? Actually this is a trick question because the real answer is… momentum. Fundamentals and technicals can largely be thrown out the window when traders focus on a narrow theme and...
Read MoreMay 20 (Bloomberg) — China’s economic recovery began to stall in the second half of April and is slowing further this month, raising concern that the rebound won’t be as “strong as many recently have...
Read MoreBelowwe show two chart comparisons between the S&P 500 Index (SPX) and the ratio between the share price of Ford (F) and heating oil futures. The top chart is from 1981 into 1983 while the lower chart is from the current...
Read MoreWe are going to circle back and take one last run at an argument that we introduced in yesterday’s issue. Belowwe feature a comparison between short and long-term Japanese debt futures (3-month euro yen futures and 10-year...
Read MoreIt should not be too much of a stretch to argue that a bull market is based on a steady inflow of capital. There are times when a market will rise simply by association which, we suppose, is similar to the adage that when the...
Read MoreOne thing that we have noticed over the years is that when we are wrong we tend to be really wrong. No half measures for us it would seem. We mention this because the markets are either proving or busting our thesis this month...
Read MoreToday’s chart presentation is based on something that we read but could barely remember and couldn’t find once again once we realized that it actually might work nicely as a chart-based argument. To explain…...
Read MoreWe start off today with a chart of the spread or difference between copper futures prices and crude oil futures. The chart consists of copper futures in cents minus 3 times crude oil futures in dollars. The argument is that over...
Read MoreWhile Kevin takes a much deserved day off, we invite you to enjoy his archives at:...
Read MoreMay 6 (Bloomberg) – U.S. stocks advanced to a four-month high as investors speculated banks don’t need as much capital as had been projected and a report showed employers cut fewer jobs than economists estimated....
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