See What Sticks

See What Sticks

I’m going to throw a lot of charts at this post and let’s see if we can find out what seems most likely to stick thematically, if anything at all, when we’re done. How about EM to start.  When discussed…...

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Near-Term Commdodity Resistance, but Big Picture Thematic Remains a World Beginning to Shift Away From Its Deflationary Anchor

Near-Term Commdodity Resistance, but Big Picture Thematic Remains a World Beginning to Shift Away From Its Deflationary Anchor

In the chart below I highlight the CRB Index and the fact that at (A) it has rallied back up to test former 40-yr support line (1) after reaching less important, temporary support line (2) in Feb-16. Note that former 40-yr…

Increasingly Likely that the Past Year Has Been a Consolidation Pause Paving the Way for a Blow-Off Equity Rally

Increasingly Likely that the Past Year Has Been a Consolidation Pause Paving the Way for a Blow-Off Equity Rally

I increasingly struggle to find bearish historical precedents that line up with the market’s tone, tenor and structure over the past ~year. Though I was able to nail the collapse that came in Aug-15 right before it occurred and correctly saw…...

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Additional Signs of Reflation and Implications for Gold

Additional Signs of Reflation and Implications for Gold

Earlier today in this post I discussed that the Producer Price Index for all commodities, or the PCAC Index (Bloomberg ticker), was signaling the potential for a strong global reflationary event to occur in the intermediate-term. I wanted to build on…...

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Does a Major Reflationary Event Stand on the Horizon?

Does a Major Reflationary Event Stand on the Horizon?

The PCAC Index (US PPI for all commodities) is plotted on a monthly basis below dating back to the early 1900s. As of the last print (Jan-16) and following a significant multi-year decline, it was a hair away from reaching…...

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Unveiling a New (Bullish) Framework for 2016

Unveiling a New (Bullish) Framework for 2016

I generally believe the name of the game when it comes to my investment process is to idea-generate objective, fact-based historical frameworks – be they statistical, technical, analog or all of the above – that help map out various contingencies of how…