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My conversation with the Director of Research for Investment Management Associates and author of "Active Value Investing: Making Money in Range-bound Markets" includes the rationale why equities are in a range bound market, the "active value investing" approach to stock selection...
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It is fascinating to listen to all the pundits wonder just when Senator Clinton will drop out of the race. What amazes me is how they accept at face value her statement that she will stay in the race “until we have a nominee”. To most, that means whenever either candidate reaches 2026 delegates...
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In my interview with the Director of Global Equity Products for Jefferies & Co. we explored his shallow recession call, fairly strong operating earnings outlook, sectors (and industries within) that look attractive and ones to avoid, and the influence and importance of hedge funds. The length of...
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The economic debate seems to have settled into which letter best fits the future trend of the US economy: V, U, L, or W? The most bullish group, which includes many in the Goldilocks-redux crew, believe in the down (maybe strong) then up US economic scenario. V for victory, perhaps. Then there is the...
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excerpts from this week’s report: Model Growth Portfolio (MGP) “What can I say? Yet another strong relative performance week for the MGP (that makes it 7 out of the last 8, 13 out of the last 15, and 15 out of 20 for the year) lifts the year-to-date relative performance results at another...
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Friday's appearance on BNN TV enabled me to expand upon the rotational aspects of the market as well as other items. The length of the interview is 6 minutes 2 seconds.
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On this day eight years ago, the most feared rodeo bull of all time passed away. So, the next time someone tells you how hard it is to ride a bull market direct them to this video: Bodacious the Bull Have a good weekend.
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Since “inflection day”*, the equity markets have witnessed a modest increase in risk appetite. This is evidenced by several indicators (credit spreads, TAF and TSL auctions, for example) as well as by the trading action between and among various market indices. To illustrate, the charts to...
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In my comprehensive interview, the Chief Economist with Strategas shares his thoughts and insights on a long and shallow US economic downturn, the US consumer - credit, spending, and savings, and residential and non residential construction and lending. The length of the interview is 17 minutes 52 seconds...
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text from yesterday's weekly report: As the "Inflection Day" rally rolls on, a rotational pattern seems to be emerging. The recent emerging weakness in Consumer Staples combined with strength in areas such as Consumer Discretionary and Mid Cap Growth suggest a sustainable near term rally...
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excerpts from this week's report: Model Growth Portfolio (MGP) “Yet another strong relative performance week for the MGP (that makes it 6 out of the last 7, 12 out of the last 14, and 14 out of 19 for the year) puts the year-to-date relative performance results at another yearly high: +2.22...
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Bush, Clinton, Bush, ..oops.. Thanks to Obama (and barring an unforeseen disaster in gun-happy America), the dynasty of dysfunctional political family rule has come to an end. “It's exciting; I don't know whether I'm going to win or not. I think I am. I do know I'm ready for the...
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The granddaddy of the market confirmation principle, Dow Theory, states that each index (Industrials and Transports) must confirm the other in order for a move (up or down) to be considered sustainable. If one index makes a new recovery (not all-time, necessarily) high or low, the other must confirm...
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In my interview with the President and CEO of Maria Fiorini Ramirez, Inc. we discussed her no recession call, impacts of a classic credit crunch and deleveraging, the balance sheet strength of US corporations, and the status of the US consumer. The length of the interview is 11 minutes 25 seconds. Click...
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"The idea of financial panic -- that has been pretty much taken care of," Warren Buffett “Economy May Face Prolonged Pain, History Suggests” Greg Ip, Wall Street Journal Mr. Buffett may be technically correct but that won’t help investors who come to the mistaken conclusion...