The good news is: Beginning last Thursday new lows all but disappeared and the secondaries outperformed the blue chips. The Negatives The negatives disappeared at the end of last week. The Positives The breadth indicators turned upward beginning last Thursday
November 18, 2017
“No matter how you “slice-and-dice the data,” hedge funds are struggling to meet their promise to clients to consistently produce high returns with low correlation to markets. It’s kind of: ‘I promise you a Rolls Royce and I give you a
Stocks end a volatile week right where it began the week. In this crucial weekend update learn we look at what to expect next week and what risks are lurking.
Let’s assume we are in fact late-cycle. Some folks will tell you that’s not the case and they’ll roll out all kinds of cherry picked metrics to support their contention that “mid-cycle” is a better description of where things stand.
Cryptocurrency NEO, which is also known as the Chinese variant of Ethereum, rose a spectacular 50% today. Although not visible on this chart it touched $45 USD per coin a couple of hours ago. Note that NEO was trading at
The Philippines witnessed impressive economic growth in the third quarter of 2017. Per the National Statistics Agency, GDP grew 6.9% year over year in the third quarter compared with 6.7% in the prior quarter and 7.1% in the year-ago period.
Fundamental Forecast for CNH: Neutral The PBOC will continue the current monetary policy, which has neutral impact to the Yuan. The regulator watches capital flows and told it would counter against cycles through FX market. A high level of broad credit
On Friday, the small caps outperformed the mega caps as the Russell 2000 – RUT was up 0.40%, while the Dow was down 0.43%. In the midst of this middling action, the JNK high yield bond index was down 0.05%
Last week, I discussed the potential year-end setup for a January correction. To wit: “It is the turn of the calendar where I see the potential for a bigger correction. Come January, I think there is a high-likelihood of ‘tax selling’ by fund-managers
In the EM equity space as measured by MSCI, Korea (+4.2%), South Africa (+3.2%), and Thailand (+1.9%) have outperformed this week, while Egypt (-5.1%), Turkey (-1.9%), and Russia (-1.8%) have underperformed. To put this in better context, MSCI EM rose
