Wealth Creation Through Natural Resources
This chart explains why oil below $30 is a problem for the high-yield debt market and in turn the stock market: Much of the recent equity market strength can be tied to the 40% rally in crude oil since … Continued
It doesn’t take a master technical analyst to be able to discern that the S&P 500 has been forming a top for the last couple of years. Support in the low 1800s (SPX) has been tested a couple of times … Continued
There are plenty of reasons to turn bearish on gold (huge increase in speculative long interest, bearish seasonality, etc.) after a nearly $200/ounce advance in the space of one month. However, the price action is undeniably strong and the relatively … Continued
There are a plethora of reasons to be bearish on equities, ranging from the proxy war escalation in Syria to a potential hard landing in China. However, there are some subtle yet powerful reasons that investors may want to consider … Continued
There’s no doubt that the S&P 500 has formed a mature topping pattern during the last ~18 months: S&P 500 (5-year) Below 1820 there isn’t much support for another 80-90 points, with the 38.2% Fibonacci retracement of the 2011-2015 … Continued
During bull markets one of the best places to look for new long ideas is the list of stocks with highest short interest. However, during bear market cycles heavily shorted stocks tend to underperform and sometimes by a wide margin … Continued
While some may be quick to point out that the S&P 500 is barely more than 10% from its all-time high reached last summer, the damage beneath the surface and across global equity markets is extensive. More than $17 trillion … Continued
The following two charts indicate that it’s time to seriously considering adding to OR initiating new equity long positions: The AAII % Bulls is currently below where it was at the 2009 low; this speaks volumes as to the … Continued
Last week was a brutal start to the year for equity markets with the S&P 500 falling nearly 6% and the small-cap Russell 2000 shedding nearly 8% in a single week. The longer term structural damage inflicted by last week’s … Continued
$1.4 trillion in market cap has been erased from global mining equities in the last 5 years: Global equity indices are flashing a relatively rare oversold buy signal: Full-time employee has finally fully recovered from the financial crisis: … Continued