The S&P 500 has broken its weak uptrend channel and is now in a sideways channel between 2150 and 2195.
The falling money flow is a big warning sign for markets.
I don’t see a catalyst that is going to take the market through 2195 right now. The S&P 500 has recently hit record (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….)
Peter Boockvar with The Lindsey Group was on CNBC today telling traders to keep an eye on Japan’s 10-year bonds for U.S. stock market trading signals.
The buzz on Twitter is this chart that seems to show U.S. bond markets following Japan’s 10-year bond yield chart.
The idea that if interest rates go (Read More….)
The BOE restarted its QE bond purchases last week, or at least it tried to. The BOE could not find enough bonds to buy.
The first auction on Monday went fine but on Tuesday, the BOE fell £52 million short of its target to buy £1.17 billion in long-dated government debt.
What happened (Read More….)
The internet is buzzing about the latest Retail Sales report that shows a gradual slowdown in consumer spending. The buzz centers around the question of how can the S&P 500 be hitting all-time highs when retail sales continue to trend downward?
Some are speculating that the Democrat and Republican Establishments are working together to (Read More….)
The S&P 500 and Nasdaq closed at all-time highs Friday after July’s strong jobs report of 255K. So much for the idea that the economy is slowing down and that the labor market only gets worse from here! I feel like we are getting the Bear slowly beaten out of us.
Next Friday, August 12, (Read More….)
The mainstream financial media has created a new classification, an “earnings recession”. Earnings have been falling among S&P 500 companies for about a year now to which we assign +1 point to the Bears in the stock market prediction algorithm.
Folks, there is no such thing as an “earnings recession”. There is only a (Read More….)