Cycle Peak Mosaic Building Efforts Continue
In my last big picture update piece here we talked about the difficulty at this stage of the game of trying to prognosticate when or at what price level this US equity bull cycle will flame out. We have our…...
Putting Bitcoin’s Recent Decline in Perspective
To the casual observer, Bitcoin (XBT) has been in crash mode over the past week or so, declining to ~$1,750 at its lows this morning from ~$2,500 at the start of the week, a 30% decline in a few days…....
Big Picture Update
Our highest conviction thematics within our big picture thinking remain the following: US equities: mid-cycle pause framework EU equities: major periphery rally underway, per N225 (2012) and SHCOMP (2014) set-ups EM equities: large cyclical rally underway up to 2007 highs…...
Despite the Massive Rally Since 2012 Is the Airline Secular Bear Just Now Ending?
Per the break above line (1) in the chart below, airlines as a group (via the SPX Airlines Index) have now cleared a 26-year resistance line dating back to the early 1990s. We highlighted this developing set-up in early June…...