Looking to history for a guide. The best comparison for 2010 may be 1998 – not 2008, as some investors fear.
Category: Chart Of The Day
(Just Charts)
CHART OF THE DAY: LOOKING VERY JAPANESE
As deflation chatter gathers steam and worries over a double dip increase I thought it might be interesting to take a look at our “Japanese Syndrome”.
JP MORGAN: RISK PREMIA FOR EQUITIES REMAINS FAVORABLE
The wall of worry remains quite high according to JP Morgan. Risk premia remain abnormally high in today’s environment and could lay the foundation for further market gains according to their equity team:
FED FUNDS FUTURES: A DIP IN EXPECTATIONS
Expecting a rate increase any time soon? Don’t bet on it. Ben has failed. The Fed Funds Futures market is beginning to realize it
ON THE SUPPOSEDLY RATIONAL MARKET….
Retail stocks are getting destroyed this week as market participants come around to the fact that the U.S. consumer hasn’t fully recovered from the Great Recession. Since its April peak [ … ]
THE 13 WEEK ECRI WLI SAYS RECESSION IS ON THE HORIZON
“The 13-week annualized rate of the WLI is now at -23.46%, something that usually only happens in, or prior to, recessions. This is very ominous economic momentum. I haven’t seen anyone look at it this way, I suppose because the ECRI publishes their own smoothed growth rate.”
ECRI GROWTH CONTINUES TO DECLINE
The negative trend in the ECRI’s weekly leading index continued this week. The annual growth rate for their leading index declined to -5.7% for the week ending June 11th. This [ … ]
WHY JOBLESS CLAIMS MATTER
Today’s chart of the day comes to us courtesy of Wells Capital Management. It clearly shows the correlation between jobless claims and the equity markets over the last 10 years. [ … ]
THE DOW/GOLD RATIO SAYS STAY LONG GOLD, SHORT EQUITIES
Interesting data here this morning from David Rosenberg at Gluskin Sheff. If history is any guide the equity markets won’t make a secular low until the Dow/gold ratio closes further. Mr. Rosenberg notes: