Desloges CFA is a professional investment consultant/ blogger/ trader
with over 25 years of experience working on the buy and sell-side.
have researched and invested in traditional and alternative asset classes and
worked at Pensions Funds, International Banks and Dealers. More...
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SP500 CBOE SKEW Index: Still Complacent Market? But the SKEW to VIX ratio is at the moment getting near a level were in the past have been associated with short term peaks in the SP500 and is now testing near the Major Resistance Trendline that started back since September 19 2014. Choose Your Weapon - John P. Hussman Understand, however, that this is exactly what investors are saying when they assert that current stock prices are “justified” by low interest rates. Why Stocks Should Jump Following Memorial Day Week If the major equity indexes do make a move toward 52-week highs, don't be surprised if HFT algorithms kick-in and sell off stocks at the highs. US Yield Curve: Global Yellow Light? Could it be that while the US economy can handle a gradual normalization of monetary policy in the US, the rest of the world cannot do so? That may be the message conveyed by the US yield curve.
TSX Energy Index ETF XEG : My Rising Wedge? But the most interesting factor is as we are near breaking the resistance trendline on a ratio basis, we have the same pattern price wise. Near testing a Major Resistance from a rising wedge that started back since Oct 9 2015.
SP Dividend ETF SDY: Chasing Yield? The market still favor the dividend stocks over the broad stock market indices lately. Simply stated, we are again into another wave of yield chasing as investors takes more and more risks to achieve less and less financial return. Sound familiar?
A Peculiar Large Cap Top? An index of the largest stocks in the market just formed an apparent triple top – but is it a legitimate concern? Dizzy Over Dividends? [INFOGRAPHIC] US companies that offer high dividends are very popular among equity investors today. Shares of these companies are trading near record high valuations... Only About One-Quarter of Corporate Stock is owned by Taxable Shareholders.Only about one-quarter of U.S. corporate stock is held in taxable accounts, far less than most researchers and policymakers thought. The share has declined sharply from more than four-fifths in 1965. Bigger Than All The World’s QE’s Combined What we find, then, of Japan is the combination of factors that are evident almost everywhere else around the world post-Great Recession. Monetary “stimulus” is asking consumers and households to bear the burdens of that “stimulus” in order that the full recovery will take place – except as we find elsewhere, the post-GR environment has already proven that the recovery will never take place. May 23
US Dollar and SP500: At Technical Crossroads? The US Dollar Index is within a Downtrend Channel but most importantly at the Resistance Trendline that started back since January 29 2016: Breaking that Channel Trendline will increase tremendously the Volatility of all US Financials Assets. The Coming Fed-Induced Pension Bust - John P. Hussman QE has effectively front-loaded realized past returns, while destroying the future return prospects of conventional portfolios, at least as measured from current valuations. As a result, the coming years are likely to see a major pension crisis across both corporations and municipalities because the illusory front-loading of returns has encouraged profound underfunding.” Stock Share Buybacks Now Bought Out -- American Enterprise in Decline However, the buybacks aren't yielding the returns they once were, and the corporations have already taken on a load of debt for past buybacks that is even threatening the credit rating of some. Sell on the panic! Forget everything you’ve been told about how to respond to stock market volatility: Selling into it may not be that bad of an idea after all...