We’ve often noted the fact that China’s equity market has served as a very reliable leading indicator over the last few years. They led the way with a dramatic market [ … ]
Category: Chart Of The Day
(Just Charts)
A DEFLATIONARY RED FLAG IN THE $U.S. DOLLAR
If the chart below doesn’t grab your attention then few things will.
CHART OF THE DAY: THE RETURN OF DEFLATION IN SPAIN
Spanish Citizen: Yes, may I please have a bit of fiscal austerity with that dose of deflation? Actually, on second thought, make that fiscal austerity a double, we’re looking for an extra long case of deflation and depression.
Spanish Government: But of course! Coming right up!
IS LUMBER FORECASTING THE NEXT LEG DOWN IN HOUSING?
In our recent housing outlook we mentioned the potential for weakness in lumber prices going forward as the housing stimulus ends and seasonality begins to turn bearish in the housing [ … ]
ROSENBERG: 400 POINT RALLIES ARE A REASON TO BE BEARISH
Excellent note this afternoon from the always cheerful David Rosenberg. Mr. Rosenberg notes that 400 point rallies and increased volatility are not the signs of a bull market, but rather a bear market! Rosenberg writes:
CHART OF THE DAY: SOVEREIGN BOND YIELDS TANK
Greek bonds are roaring back as yields decline across the curve. The yield on Greek 2-Year bonds are trading at 7.68 percent, a drop of 1058 basis points while the yield on the 5-Year decreased 698 basis points to 7.61 percent. The 10-Year is advancing as the yield tightened by 460 basis points to 7.85 percent.
DR. COPPER GIVES A BIG WARNING SIGNAL
Sometimes the simplest rules are the best rules. One rule that long time market observers follow is in defining a bull and bear market – any market that trades above [ … ]
MOVE INDEX MOVES BIG
Merrill Lynch’s MOVE Index, which captures option volatility for 1-month options on all On-The-Run Treasuries across the maturity spectrum, increased significantly as bond yields declined.
26% OF STOCKS NOW ABOVE 50 DAY MOVING AVERAGE
Yesterday’s crash brought the number of stocks above their 50 day moving average at the NYSE to just 26%. This has proven to be a relatively reliable buy indicator in [ … ]