Back room deals with cigar smoke and the smell of money meeting greed. The mood for markets and how they deal with politics as a key driver doesn’t get easier. The uncertainty of US trade policy balances against stronger US
September 9, 2018
This short video covers why I think the S&P 500 Futures and SPX are expensive relative to Emerging Market stocks, and why Emerging Market stocks might be the catalyst to the next stock market crash.
EM FX ended Friday on a mixed note, with TRY and ARS leading the gains. However, the jobs data supports our view that the Fed is likely to continue hiking rates, which is negative for EM. Furthermore, trade tensions will
The SPX behaved in classic TA fashion and, after making a new all-time high, started September by pulling back and testing the break-out level. In doing so it finished the week just 3 points shy of our downside target and
Fundamental traders are finding it difficult to determine exactly what to keep tabs on for generating volatility in the markets. Is the escalation of the US-led trade war with another $267 billion tariff threat on China and not-so-subtle threat to
This NY Times Op-Ed quoted below is for the tenth anniversary of the financial crisis, written by three of the men who helped to create it, and intensify its after effects. With a little help from the like minded who
Q: Hi, Andy. Is it true that the SEC wants to give retail investors more access to private markets? I mean, it sounds good. Could you tell me what that could mean for me? A: Great question. This is a pet peeve
Our analysis of the S&P 500 (SPX) is for stocks to continue to roll over. Last week, the SPX fell into our support zone, of which the bottom is 2846. While we still see that support holding, our question is
One month ago, when Apple finally crossed above $1 trillion in market cap, Goldman’s chief equity strategist David Kostin said that investors had been focusing on the “wrong $1 trillion question”, adding that the correct question was: what amount of buyback
What are the best investments? High returns on paper do not necessarily mean high returns in real life. You need to be able to stick with a portfolio to get the long-run returns that it offers. It turns out that
