Let’s Go Streaking. Let’s go all the way back to January when markets started off 2017 with a heavy dose of what we would describe as “Cautious Optimism“. Cautious about a new administration and untested leader in President Trump, but optimistic about a business friendly agenda in tax reform and healthcare. In February we published a research post highlighting rare […]
After such a record move, many investors are wondering if we gone too far too fast. Maybe. But maybe not. The S&P 500 Index is exhibiting a rare bullish behavior seen only 4 times since 1985. And its something few analysts are talking about. This market behavior was seen multiple times in the 1990’s Bull Market era, but observed just once in […]
In short, while equities have benefited from the record amount of stimulus provided through the Fed’s Quantitative Easing program, corporate credit has not. As credit tends to be a better leading indicator of the economy then equities, this represents a significant warning sign. The chart below highlights the dramatic difference in how corporate credits responded to QE I compared to […]
So far 2010 has been an exceptionally challenging year for most investors. In my experience, nothing drives investors more mad than headline-charged markets that make no progress. High volatility without a defined price trend has left both amateurs and professionals frustrated. The environment has been so challenging that even some of the world’s most successful hedge fund managers with stellar […]
What’s Next for Equities