The Case for Nikkei 40K in 2018
In mid-October I updated my thinking on the Nikkei, asking in this post whether its break above quarter-century resistance meant it was finally “game-on” for the region’s much beleaguered equities after what seemed to be an enduring, generational secular bear…
Mid-Cycle Pause Analog Update: First Signs of Euphoria?
Since I last updated my big-picture, mid-cycle pause analog framework for assessing US equities in mid-October in this post, optimism about Trump’s tax plan and its ability to successfully sail through Congress has mounted. Tax-related optimism has begun to infect…...
Textbook Semi Reversal
We’ve written extensively in the past 18 months about the bullish case for owning and over-weighting semiconductor stocks. Our last semi-specific piece was from March of this year. In it, we noted that the group had experienced a major relative…...
Chart Dump
I promised some constituent charts would emanate from the various industries I profiled earlier this week as areas of potential out-performance vs. the broader market. Recall from that post that I ended with the following: “In concluding, telco equipment, electronic…...