Every Bubble Is In Search Of A Pin

Now that the world’s central banking cartel is taking a long-overdue pause from printing money and handing it to the wealthy elite, the collection of asset price bubbles nested within the Everything Bubble are starting to burst. The cartel (especially the ECB and the Fed) is hoping it can gently deflate these bubbles it created,…

Will Santa Leave A Lump Of Coal?

As we enter the last month of the year, the holiday season is kicking into full gear, decorations are popping up everywhere, and the burning question arises, “Will Santa Claus bring gifts for stock market investors, or will he leave a lump of coal in their stockings?” It was a bumpy sleigh ride last month,…

Income And Spending Gains Suggest Fourth-Quarter Growth Off To A Strong Start

By Robert Hughes Personal income rose 0.5 percent in October, according to data from the Bureau of Economic Analysis. The gain in personal income was supported by a 0.3 percent increase in wages and salaries. Wages and salaries account for about half of personal income. Supplements to wages and salaries (primarily employer contributions to pension…

Turning Points For The Week Of October 22-26

The purpose of the Turning Points Newsletter is to look at the long-leading, leading, and coincidental indicators to determine if the economy has shifted from expansion to contraction – if the economy has reached a “turning point.” This week, the BEA released another solid GDP report. As this is the most comprehensive coincidental data of…

Is The October Selloff Really ‘The Big One’?

Back on October 11, when U.S. stocks were careening lower for a second consecutive day in a dubious encore to the previous session’s systematic rout, BofAML’s Michael Hartnett noted that the bank’s Global Breadth Rule had triggered a buy signal. “89% of MSCI country equity indices are below their 50 and 200-day averages”, Hartnett said,…

Weighing The Week Ahead: Major Market Misperceptions

We have a light economic calendar with a focus on housing. Earnings season would normally be the most important market theme. For now, observers are seeing what they want to see in earnings reports. That makes it easier for pundits to take up a favorite topic: What is about to go wrong? There are so…

U.S. Equity Leadership: 3 Key Trends To Watch

By Alec Young, managing director, global markets research The yawning gap between US and international equity performance that has been building since 2011 persists unabated. Through mid-September, the Russell 1000 Index has generated a year-to-date total return of 9.6% compared to a 4.4% decline for the FTSE All-World ex US Index and a 10.1% decline…