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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Has Russia Signaled the end of the Global Emerging Market Bear Cycle?

Has Russia Signaled the end of the Global Emerging Market Bear Cycle?

Over and over we have used the DJI over the course of 1904-1914 as an analogy to emerging markets (via EEM as a proxy) from 2004-current.  Conversely, we’ve belabored the idea that 1937 and/or 1974 are the best analogies for…...

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Channeling Wayne Gretzky

Channeling Wayne Gretzky

Over the past few months we’ve outlined in increasing detail and conviction within the site’s bear market category that the global bull cycle from 2009 had likely come to its end in 2015. The framework we’ve used in building that case…...

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TED Spreads Lead & The Real Driver Behind The Fed's Decision to Hike Rates

TED Spreads Lead & The Real Driver Behind The Fed’s Decision to Hike Rates

I’ve written a good deal this week about TED spreads blowing out significantly recently. Today I wanted to look at snapshots of the last few times TED spreads have blown out like they are now to see how the equity…...

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