BoAML’S GLOBAL FINANCIAL STRESS INDEX SPIKES MOST SINCE 2011 US DEBT DOWNGRADE –SOURCE: 08-13-17 BoAML via ZH – “Global Financial Stress Index Spikes Most Since 2011 US Downgrade” — For the first time in four months, BofAML’s Global Financial Market Stress index has turned positive – signalling more market stress than normal. As the spat […]
TRIGGER$ August 2017
WHEN EVEN “PUMPER” SCHWAB IS WARNING RETAIL CLIENTS YOU NEED TO START WORRYING!
WHEN EVEN ‘PUMPER” SCHWAB IS WARNING RETAIL CLIENTS YOU NEED TO START WORRYING! –SOURCE: 07-24-17 via Charles Schwab – “Even Schwab Is Warning Retail Clients Of “Danger Signs Rising” — You know it’s bad when even the traditional ‘pumpers’ are getting anxious. While obviously counched in its own “well maybe that’s not totally terrible” spin, reading the […]
MYSTERY INVESTOR MAKES $262M BET ON CRASH BY OCTOBER
MYSTERY INVESTOR MAKES $262M BET ON CRASH BY OCTOBER –SOURCE: 07-24-17 Michael Snyder – “A Mystery Investor Just Made A $262 Million Bet That The Stock Market Will Crash By October” — One mystery trader has made an extremely large bet that the stock market is going to crash by October, and if he is right […]
22 TROUBLING FACTS ON WHY NOT TO FOLLOW THE HERD
22 TROUBLING FACTS ON WHY NOT TO FOLLOW THE HERD — SOURCE: 07-26-17 Michael Lebowitz, CFA (720 Global) Below are 22 realities to explain why we do not not recommend following the herd. Equity/Bond Valuations The S&P 500 Cyclically Adjusted Price to Earnings (CAPE) valuation has only been greater on one occasion, the late 1990s. It is […]
THE ASSET CLASS QUILT OF TOTAL RETURNS
THE ASSET CLASS QUILT OF TOTAL RETURNS
THE ICARUS RALLY – SUMMER EUPHORIA & FALL CRASH
THE ICARUS RALLY – SUMMER EUPHORIA & FALL CRASH According to the latest BofA flow show report, Michael Hartnett writes: Strong inflows, “active” inflows, big returns, record low private client cash…Icarus won’t soar forever; but big Humpty-Dumpty fall in risk assets awaits hawkish central banks + EPS/GDP reversals; in absence of immediate negative impact on small […]
INVESTORS RUSHING OUT OF US EQUITIES INTO EU AND EM EQUITIES
INVESTORS RUSHING OUT OF US EQUITIES INTO EU AND EM EQUITIES EPFR reported that there was a whopping $9.9bn inflow into equities and $10.7bn into bonds (nearly all corporate bonds), as global stock markets and credit indexes hit all-time highs. Where is all this new money going? For those following EM and Europe moves in […]
PRIVATE CLIENT CASH LEVELS DROP – NO MORE CASH ON THE SIDELINES
PRIVATE CLIENT CASH LEVELS DROP – NO MORE CASH ON THE SIDELINES — SOURCE: 08-13-17 ZeroHedge – “No More “Cash On The Sidelines”: Private Client Cash Levels Drop To Record Low” — One can finally put all references to “cash on the sidelines” in the trash can, not only for purely logistical reasons (when someone […]
SENTIMENT: PARALYSIS CONFIRMED AS SHORTS SQUEEZED & ANXIOUS LONGS FLEE
SENTIMENT: PARALYSIS CONFIRMED AS SHORTS SQUEEZED & ANXIOUS LONGS FLEE — SOURCE: 08-13-17 ZeroHedge – “Market “Paralysis” Confirmed – Squeezed Shorts And Anxious Longs Are Fleeing Stocks” — For the last two years, short interest in the US stock market’s largest ETF has collapsed as bears have been squeezed back to their lowest level of negativity since […]
SENTIMENT: ITS NOT COMPLACENCY BUT PARALYSIS!
SENTIMENT: ITS NOT COMPLACENCY BUT PARALYSIS! — SOURCE: 08-13-17 ZeroHedge – “One Bank’s Surprising Finding: “It’s Not Complacency But Paralysis” — Complacent: Contented to a fault; self-satisfied – The American Heritage Dictionary Three weeks after the volatility-obsessed Deutsche Bank derivatives expert Aleksandar Kocic went so far as to not only qualify what he said was pervasive market […]