As an Industry, Info Tech’s Size Reaches Historically High Levels
In the chart below I plot the relative weightings of various SPX industry groups as a % of the entire index’s market cap over time. Right now, Info Tech constitutes nearly 22% of total SPX market cap. This was roughly…...
1976’s “Network” Accurately Foreshadowed the Leftist-Statist America of 2016
Where can one find Howard Beale at this moment?
Immortan Joe Activates U.S. Cyber War Rig, Moving America Beyond Just Financial Warfare with Russia
Just the other day the deep state trotted out Immortan Joe Biden in an interview with Chuck Todd to let the world know it was planning a “covert” cyber attack on Russia and Putin for their alleged involvement in holding…
Energy Commodities: The Juice Is Likely Worth the Squeeze
Per some emails at the end of Sep that highlighted the increased potential for such a move, crude has decisively broken above multi-year resistance recently. If you believe the WH/Fed/Russia feed-back loop theory – as I do – it’s not…...
Yard Signs Tell the Story & Why Google Has Grown Lazy Censoring the Web
Not sure why Google hasn’t doctored these results yet (probably because nobody is looking at them), but Google Trends indicate a Trump landslide so far as search interest in ‘yard signs’ is concerned. To wit, the last three presidential elections…
Analog Update
I’ve been fooled many times by the market this year with respect to my expectation for runaway SPX strength, which, based on the suggestions provided by our mid-cycle pause analog, I thought would be imminently forthcoming post June, yet has…...
Out with the Old, In with the New
In the chart below BBRY appears to be breaking out from a very favorable-looking consolidation pattern as of this week. I’ve highlighted this name in emails recently as having an increasingly bully appearance. In addition, the favorable technical break-out is…...
Multi-Month Gold Consolidation Likely Concluding
We last updated our thoughts on gold in this post last month. Using analogs in that post we suggested there were ~20 trading days or ~one month until it would reach a nadir, thus concluding a multi-month consolidation that began in…...
Ratio of Copper vs. Gold at 30-Yr Support, Last Reached Pre-Crash Apr-87, During GFC Jan-09
In the chart below the ratio of copper vs. gold is about to hit 30-year support. This ratio has been touched only two other times over that 30-year history – once in Apr-87 prior to the Aug-87 equity market peak…
JPYUSD, If/When > 1.00, Should Ignite New Upside Phase for Gold
In the chart below I plot JPYUSD over time. It’s pressing 1.00 as we speak. Over the past 30 years it’s spent very little time above 1.00 (green), but plenty below (red). Moreover, 1.00 has acted as a very important…