EURODOLLAR SHORTAGE IS CRIPPLING GLOBAL CREDIT GROWTH When the Shanghai Accord was launched the US Dollar needed to be taken down from a level approaching 117 based on the BIS’s REER. The “trend line” suggested this was a global limit to the Us Dollar’s strength which has previously forced or triggered major adjustments in […]
Q1 EARNINGS – LIKELY TO BE THE NINTH CONSECUTIVE QUARTER OF EARNINGS BELOW $100/Yr – THERE IS NO GROWTH! My friend Jeff Snider, who I have interviewed a number of times is clearly getting tired of the “shenanigans” going on with every earnings season. During the last quarter (Q4 -2016) he witnessed: As late as […]
MARGIN DEBT: HISTORICALLY DECLINES FOR ~3 MO BEFORE MARKETS DECLINE — ABSTRACTED FROM: 04-04-17 Lance Roberts via RealInvestmentAdvice.com, “Margin Debt Hits Record, Nothing To Worry About?” Currently, margin debt is still rising as the “fear of missing out” on potential upside in the market is trumping longer-term logic of risk management and portfolio controls. However, […]
MARGIN DEBT: HISTORICAL BENCHMARKS SIGNAL POTENTIAL PROBLEMS — ABSTRACTED FROM: 04-04-17 Lance Roberts via RealInvestmentAdvice.com, “Margin Debt Hits Record, Nothing To Worry About?” 1- MARGIN DEBT AS A % OF THE ECONOMY …The stock market should be somewhat reflective of underlying economic activity, then the correlation between the markets, leverage, and economic growth should provide […]
MARGIN DEBT: LEVERAGED LEVELS AT ALL TIME HIGHS — ABSTRACTED FROM: 04-04-17 Lance Roberts via RealInvestmentAdvice.com, “Margin Debt Hits Record, Nothing To Worry About?” On a quarterly basis, the market is currently more overbought than at just about any other point in history. The vertical red lines denote the bear markets that occur from […]
— ABSTRACTED FROM 04-11-17 – ” Lance Roberts via RealInvestmentAdvice.com” — As the first quarter of 2017 closes, April begins the last leg of the markets “seasonally strong” period of the year, which is where the idea of “Sell In May And Go Away” comes from. And, of course, every year, there is always a litany of […]
S&P 500 FORWARD PE v VIX RATIO The Financial Times in London identifies the S&P 500 Forward PE to VIX Ratio as something to pay particular attention to when considering just how expensive the US Equity Market has become. The S&P 500 Forward PE to VIX Ratio is presently at highs only seen prior to […]
12 SIGNS THAT THE US AUTO INDUSTRY’S DAY OF RECKONING MAY BE HERE! — SOURCE 04-04-17 Michael Snyder via The Economic Collapse blog, In 2008, subprime mortgages almost single-handedly took down the entire financial system, and now a new subprime crisis is here. In recent years, the auto industry has been able to boost sales […]
SEASONALLY ANNUALIZED AUTO SALES PLUMMET TO 16.6M VEHICLES — SOURCE: 04-03-17 Bloomberg “U.S. Car Demand Collapse Jeopardizes Trump’s Auto Factory Push” — Swerve in consumer taste changes equation for the industry ‘You’re not going to see’ new U.S. car plants, consultant says Kia, Ford Report Biggest U.S. Auto Sales Declines Ford Fusion: down 37 percent. […]
THE REALITY OF A POTENTIAL US RECESSION IS RAPIDLY RISING A FIRST TERM PRESIDENT We need to remember that it has been over 7 years since the US had its last recession. This is historically a long time. Also, few realize that normally a first term President faces a recession in his first year in […]
