Always consider hidden risks
Desloges CFA is a professional investment consultant/ blogger/ trader
with over 25 years of experience working on the buy and sell-side. I
have researched and invested in traditional and alternative asset classes and
worked at Pensions Funds, International Banks and Dealers. More...
If you would like to receive our free daily markets updates, please Sign-up
Thanks for following me...
SUPPORT THIS BLOG
Individuals If you feel you have received some valuable information from this site, you can help this blog and it will be gratefully accepted to help support my efforts to provide you with timely and insightful comments on trading and investments.
SUPPORT THIS BLOG
Insight June 27 DJ Transportation: Critical Major Support? And as few of us realize, the Dow Jones Transportation Index is testing back the Major Daily Support Trendline that started back since March 2009. It become critical for Bulls to protect that zone, unless we have a breakdown. US Treasury Bond IEF ETF: At Resistance Zone? We are back testing the Major Resistance Trendline of that Rising Wedge that started back since January 2015.
TSX Financials: At Technical Crossroads? TSX Financials: At Technical Crossroads? But most will think that the real battle for Bulls on the XFN ETF will be to break the 200 DMA but in fact having already broken on a relative basis and near breaking that Major Support Trendline that started back in November 2014 will have already decide the faith of Canadian Financials. Brexit and the Bubble in Search of A Pin - John P. Hussman Despite the potential for Brexit to act as a trigger to express latent risks that have been steeply elevated for some time now, my strong view is that investors should not be misled into thinking that the specifics of this particular trigger matter all that much. Q1 Buybacks Break Post-Recession Records Companies in the S&P 500 spent $166.3 billion on share buybacks during the first quarter of 2016... Higher Global Exposure Means Steeper Earnings Declines For S&P 500 Companies There are concerns in the market about the impact of the stronger U.S. dollar and the impact of lower global economic growth on the sales and earnings of companies in the S&P 500. Central Banks Worry About Engaging World Markets After ‘Brexit’ Part of the conundrum for central bankers is that the recent sell-off is not the result of an event like Lehman Brothers going bankrupt in September 2008 Corporate Bond Issuance Strong in Jan-May; Break in Momentum Can Impact Buybacks On a four-quarter rolling total basis, 1Q16 buybacks were $589.4 billion, up three percent sequentially and up 9.5 percent annually. This was a new record, barely squeaking by the prior high of $589.11 billion in 4Q07. Not Your Everyday Pounding The British Pound wasn’t just hammered In the wake of “Brexit”, it broke historic support in the process. June 22 SPY ETF/Apple Shares: Still a Tale of Two Wedges? Could Apple Shares continue tu under perform because of the Russell rebalancing... US Treasury Bond IEF ETF: Back at Weekly Support? But few realize that already, we are back testing the Major Support Trendline of that Rising Wedge that started back since July 2012 Why the Brexit isn’t the biggest risk investors should worry about Brexit, negative interest rates, and a rising U.S. dollar were, at the time of the panel discussion, the obvious risks. Is Telecom Chart Calling For Higher Prices? The often over-looked telecom sector has broken out to 9-year highs. Shadow Fed Funds Rate Says Sell US Equities While a run toward all-time highs is possible leading up to the next Fed hike, the risk/reward tradeoff remains to the downside JPM: Buybacks Are Supporting The Market Equity withdrawal activity by the US non-financial sector surpassed $170 billion in the first quarter of 2016, reaching the highest level since the third quarter of 2007. June 21 SP500 CBOE SKEW Index: At Panic Level? That shows how Market Participants are not in full comfort mode (into a too low volatility environment but paying for some options hedge) The Energy Sector (XLE): Back at the Resistance Zone? As we are testing again that Second Major Trendline price wise, we are near breaking the Second Major Resistance Trendline on a relative basis What the ‘single best stock-market predictor’ is saying now Look at the percentage of household financial assets invested in equities Can Airline Stocks Get Off The Ground? While the major stock averages recently buzzed all-time highs, airline stocks have dropped to 20-month lows; is there any hope for these stocks? Tyler Kling of Macro-Ops Says Junk Bonds Will Signal Equity Market Inflection Point Junk debt now serves as key watchpoint for which direction the market is likely to head or if higher highs in the stock market are sustainable. Why America’s men aren’t working Since the start of the downturn, the percentage of that population that has a job or is looking for one has dropped more than 3 percentage points, to 62.6 percent, a level not seen since the 1970s. US Railroad Carloads Below 2009/2010 Lows [Charts] Total railroad traffic carloads have fallen off a cliff this year. June 20 Markets to SP500 Index: Brace for Volatility? SP 500 Index Volatility is quite low compare to its peers. Cda TSX Small Cap Index: Outperforming? But for me, we can still have an outperformance of Small Capitalization but the real break out will be only if we are able to get over the previous peak in price reached on November 21 2014 at 620.57 Imagine - John P. Hussman Imagine that the Fed not only refused to take serious account of the distorting impact of yield-seeking speculation on the financial markets, but actually welcomed it, citing it as an example of the “effectiveness” of quantitative easing, in the appallingly misguided belief that “wealth” is inherent in the price you pay for a security, rather than in the long-term stream of cash flows that the security will deliver over time. The Stock Market, Iron Ore, Bitcoin - Is Silver Next for Chinese Momentum Investors? Indeed, open interest in silver on the Shanghai Futures Exchange has been steadily increasing this year, with open interest now roughly equal and equivalent in size to that of COMEX. A Wake Up Call For International Stocks Perpetually under-performing international equity markets are testing critical support. Where the S&P 500 Faces Brexit Exposure According to FactSet Market Aggregates and FactSet Geographic Revenue Exposure data (based on the most recently reported fiscal year data for each company in the index), the aggregate revenue exposure of the S&P 500 to the United Kingdom is 2.9%. Bonds’ lousy outlook doesn’t mean stocks are more attractive You ought to calculate the stock market’s value in its own right June 17 Nasdaq 100 Index ETF QQQ: Testing Major Support? What strikes me the most, is that the relative volatility (ratio of Nasdaq 100 Volatility Index over the SP500 Volatility Index) is a its lowest since the beginning of 2015. Why dividend-stock investors need a new approach to valuations A new ETF considers buyback yields when selecting dividend stocks Examining Industry Return Correlations Since the financial crisis, there has been a certain amount of chatter about how important financials in general (and banks in particular), are to the performance of the overall stock market. European Bank Stocks On The Ledge Already plumbing multi-year lows, European banks are threatening to fall off another chart “cliff”. Morgan Stanley fears policy makers repeating mistakes of 1930s Fiscal policy stimulus could avert relapse into recession: economist All the world loves bonds, but maybe for the wrong reason David Ader, chief Treasury strategist at CRT Capital, said the U.S. 10-year yield is being tugged lower, mostly due to interest rate differentials, with the Japanese and German 10-year now at negative yields.
Please remember to support my efforts by clicking on the ads on the blog