Last month I dropped coverage of GDPNow after the GDP forecast was dropped by a huge amount right before the actual GDP release. Immediately after the GDP release, they release a Q3 GDP estimate that was at 3.7% which supported the Fed’s yearly lie that the economy was set to strengthen in the second half (Read More….)
The S&P 500 broke the uptrend channel today and has gone into a sideways channel (orange line) on the falling money flow I warned about last week. The support level of the channel is 2169, and the resistance level is 2194.
We are looking for summer doldrums trading to end soon.
Some of (Read More….)
Tomorrow, August 25th, 2016, is a critical day for markets. The S&P 500 is now testing lower uptrend channel support.
We track high yield debt and I explained why back in December of 2014 here.
Money flow into high-yield debt has been forming lower highs since March of 2016. High yield debt fell (Read More….)
The S&P 500 continues to trade within a brutal, tight, slight uptrend channel.
Trying to time a short or volatility trade against this market has been a fools game. Going all-in on the long side has also not worked very well. It’s like the market is a wet dog right now shaking off the (Read More….)
The Shiller P/E ratio has hit its highest level since October 2007 and the start of the last bear market.
The last time the Shiller P/E was above 27 was in October 2007, the start of the last bear market.
Robert Shiller, the creator of the Shiller P/E ratio, warns people not to use (Read More….)
Over the last 30 days, insiders have continued to dump stocks at record levels. The amount of insider selling is so much higher than the level of insider buying, it’s scary.
American Equity Investment Life Holding Company has been in a consolidation pattern for most of 2016 but now it looks ready to breakout. If the stock can break through $17.50, it would be a buy in my opinion.
AEL Stock Chart
The stock trades at a hot P/E of 13.5 and an eye-popping forward (Read More….)