SII: FANGS – BEING “DE-FANGED” FOR A “QUADRUPLE WITCH” CONSOLIDATION As we moved towards the June 16th Quadruple Options Witch we have carefully followed our SII: FANGS. Between the Friday June 9th “Mini Flash Crash” and the subsequent 61.8% retracement through Wednesday June 14th we could see the possibilities of a clear ABC consolidation pattern […]
THE COMING GLOBAL JOBS CRISIS IN AN ERA OF UNRELENTING ROBOTIC ADVANCEMENTS UNDERSTANDING ROBOTIC ADVANCEMENTS Advancements in Robotic technology have reached critical mass resulting in increasing numbers of university programs focused on Robotics. This along with industry adoption rates as a result of labor cost pressures and availability of ubiquitous communications enabling technology like “cloud computing”, “bluetooth” and […]
ONLY THE CENTRAL BANKS ARE NOW LEFT TO BUY Negative free cash balances are screaming about the risk from investors having piled on the highest levels of leverage in market history. Additionally, a look at the stock-to-cash ratios suggests there is very little available current buying power available from investors. Each month, the Investment Company Institute […]
SII FANGS: THERE IS LITTLE DOUBT IT IS SOLELY ABOUT GLOBAL LIQUIDITY FLOWS The “big 5” tech stocks, have an uncanny correlation with the size of the consolidated central bank balance sheet.
THE P/E10 RATIO AT HISTORIC 96.3 PERCENTILE LEVEL –SOURCE: The P/E10 Ratio Legendary economist and value investor Benjamin Graham noticed the same bizarre P/E behavior during the Roaring Twenties and subsequent market crash. Graham collaborated with David Dodd to devise a more accurate way to calculate the market’s value, which they discussed in their 1934 […]
FALLING NUMBER OF M&A DEALS TELLS US ABOUT CURRENT VALUATION LEVELS — SOURCE: 06-07-17 ZeroHedge – “Citi’s “Scariest Chart” Prompts Concerns About Holding American Equities” — This year through June 5, 7,561 M&A deals were announced, the lowest count since 2013, according to S&P Global Market Intelligence. While M&A volume reached a record $2.055 trillion […]
SINGING CANARIES & THE CASSANDRAS WHO PREVIOUSLY WARNED Last year in our monthly MATA report we discussed the number of Cassandras that were warning about a market correction. Throughout 2016 we tracked the increasing number and then last year with the listing being so long we simply highlighted the fact that George Soros has come […]
NEW WORLD OF “REWARD-FREE” RISK & “MARGIN OF SAFETY” REMOVAL — SOURCE: 06-04-17 Authored by Jesse Felder via TheFelderReport.com, – “If There Was Ever An Example Of “Reward-Free Risk” This Is It” ‘What is the opposite of a “margin of safety”?’ This is a question I’ve been considering because it seems that’s exactly what investors have […]
YIELD CURVE: EITHER EQUITIES FALL 13-20% OR RATES RISE 50-60 BPS — SOURCE: 06-06-17 ZeroHedge – “BofA: “If Bonds Are Right, Stocks Will Drop Up To 20%” — Quickly skimming the front pages of the financial press in recent days reveals one recurring, and puzzling, story: the diverging and contradictory signals being sent by the […]
