The real-time composite proved right as this morning’s Flash PMI report came in showing slight improvement in the overall data. The overall index was up to 53.2 from 51.9 in [ … ]
Category: Chart Of The Day
(Just Charts)
Chart Of the Day – Asset Class Correlations
I don’t really have much to add to this chart other than providing it here for my own interests. It just shows the 10 year correlations between asset classes. You may or may not find it helpful.
Macro Minute
Lots of informative data today so let’s take a quick look at the big picture here. Today’s Philly Fed Survey came in hot at 19.8. That’s on the back of [ … ]
Merrill Lynch: Don’t Follow the Fearful Crowd
What if I told you sentiment was still broadly negative with regards to the future of the economy and the market in general. Would you really be that surprised? You’ve [ … ]
Three Things I Think I Think
Some random thoughts here on a slow news day:
So Much for Non-correlation in Hedge Funds
Hedge funds are now allowed to advertise to the general public and boy are they going to need it. Recent data not only shows abysmal performance, but increasing mutual fund-like [ … ]
Very Scary Short-term Charts
It’s not uncommon to see very short-term charts backing extremely near sighted views. I don’t know why that is. I guess maybe it’s a result of the new normal where [ … ]
What do the Independent Inflation Gauges Say?
It’s been pretty interesting to see the S&P 500 hold up rather well against a backdrop of plummeting inflation expectations. According to the 10 year break-even inflation expectations are the [ … ]
The Most Important Charts…
Here’s a really nice compilation of charts from some good market strategists and economists via Business Insider’s Matthew Boesler. I contributed the following: “The following chart shows the sector contribution [ … ]