Is that Something You Might Be Interested In?

Any former Entourage fan (we’re talking “deep cuts” fan) will remember the character of Bob Ryan, aka “What if I was to tell you…is that something you might be interested in?” Bob Ryan. For the unacquainted, Bob was best known…

Contradictions Do Not Exist (Was May-15 Really a "Major" Top?)

“Contradictions do not exist. Whenever you think that you are facing a contradiction, check your premises. You will find that one of them is wrong.” — Ayn Rand, Atlas Shrugged As intensely volatile – and often times scary – as the…

Heading into BREXIT 2.0, Is US Long Bond Analogous to GBP in 3Q92?

In a few recent posts I’ve highlighted that the discussions around BREXIT 2.0/ERM2 are occurring as the ratio of the Stoxx600 vs. SPX hits channel support for only the second time in history (on a monthly basis vs. three times on a daily)….

Relative VOL of UK Equity and FX Printing All-Time Highs into BREXIT Vote

Here’s a plot of the ratio b/t UK and US-based equity VOL.  It’s printing all-time highs at the moment, well above previous highs.  In the past, spikes to similar, yet slightly lower highs, have tended to approximate near-term capitulation lows…

All the Macro that's Fit to Print

Every corner rounded seems to be producing a different chimera to be contended with at the moment. BREXIT, growing portions of sovereign debt lurching into negative-yield territory, NIRP chaos and its impact on Euro banks, China deval/credit collapse, Islamo-fascism, Fed tightening and…

The DAX Bear Rolls On

Here’s an update to the analog first presented in this post whereby we compared the DAX off its Apr-15 highs to the bear paths it took during its 2000-2002 and 2007-2009 bears.  The current path (black) is updated to reflect…

Analog Update: Drift, Consolidate & Pivot

It’s been three weeks since I’ve updated my mid-cycle pause analog framework and a month since I did so in great detail.  It’s time to update our progress. Here’s the SPY since its May-15 peak (black) vs. all of the DJI’s paths…

No Good Bulls

Below I plot last week’s AAII reading for bulls.  At just 19%, there are among the fewest % of bullish respondents in the survey’s history dating back to the early 90s. Indeed, there have only been 17 other readings this…

Assessing the Recent Breadth & Volume Thrusts in U.S. Equities
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Analog Update
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