2018 WILL MARK AN IMPORTANT TOP FOR US & GLOBAL EQUITIES, LED BY A DETERIORATION IN CREDIT Rarely have we experienced such low leadership, as shown in the Exhibit above. Experience tells us that these leaderless periods typically occur during important transitions in the market. So what is that transition today and how can we […]
TRIGGER$ May 2018
TRUMP CORPORATE TAX CUTS EXTENDS “AGING” EQUITY MARKETS LIFE
TRUMP CORPORATE TAX CUTS EXTENDS “AGING” EQUITY MARKETS LIFE
AMAZON: NOW TRADING AT 146X FREE CASH FLOW AS CASH FLOWS PLUNGE 41%
AMAZON: NOW TRADING AT 146X FREE CASH FLOW AS CASH FLOWS PLUNGE 41% — SOURCE: 04-27-18 ContraCorner – “Jumping The Great White Shark Of Bubble Finance” Last night Amazon reported a whopping 41% plunge in free cash flow for the March 2018 LTM period compared to prior year. Yet it was promptly rewarded by a $50 billion surge in market […]
WORRIES OF EURO CURRENCY WEAKNESS DUE TO INCREASING SIGNS OF ECONOMIC SLOWING
WORRIES OF EURO CURRENCY WEAKNESS DUE TO INCREASING SIGNS OF ECONOMIC SLOWING Euro may fall as low as $1.15 in two months: Eurizon’s Staines Danske recommends tactical short position targeting $1.21 SOURCE: 04-24-18 Bloomberg – “Euro Bulls Feel the Fatigue as Economic Woes Cloud ECB Path” — Some euro bulls are wondering if the party […]
NEW FORD CEO PROMISES FURTHER URGENT ACTION – ABANDONING US CAR MARKET FOR TRUCKS/SUV/COMMERCIAL VEHICLES
NEW FORD CEO PROMISES FURTHER URGENT ACTION – ABANDONING US CAR MARKET FOR TRUCKS/SUV/COMMERCIAL VEHICLES KEY MESSAGES: CEO Hackett targets $25.5 billion in cost reductions by 2022 Seeks 8% profit margin by 2020, two years ahead of schedule Ford stock had dropped more than 11 percent this year. The product portfolio is seen as dated […]
RUSSIA, CHINA, TURKEY ACQUIRE GOLD WHILE DEPOSITS AT NY FED CONTINUE TO BE REPATRIATED
RUSSIA, CHINA, TURKEY ACQUIRE GOLD WHILE DEPOSITS AT NY FED CONTINUE TO BE REPATRIATED The golden noose? The build-up of gold reserves by non-Western countries is something which could end up tipping the scales of the global order. Many believe that should bad relations continue between the US and these nations then US-denominated assets currently […]
FORD STOCK ISN’T AS CHEAP AS IT LOOKS!
FORD STOCK ISN’T AS CHEAP AS IT LOOKS! Ford still has a great dividend, but don’t expect much upside this year — SOURCE 04-20-18 InvestorPlace – “Ford Motor Company Stock Isn’t as Cheap as It Looks” — Source: Shutterstock Ford Motor Company (NYSE:F) is not having a great 2018 so far. And there’s little reason to […]
JUNK BONDS AT RECORD NET LEVERAGE LEVELS AS INTEREST COVERAGE RATIO FALLS
JUNK BONDS AT RECORD NET LEVERAGE LEVELS AS INTEREST COVERAGE RATIO FALLS HY Leverage at record highs.. HY spreads returned to their January tights while their IG (Investment Grade) and EM (Emerging Markets) counterparts remain significantly wider…
JUNK BOND YIELDS AT LOWEST DECILE ON RECORD
HY Yields at their lowest decile on record… This occurrence signal traditionally confirms the early beginnings of the road to the Next Financial Crisis