Food Retail on the Cusp of a Major, Long-Term Relative Break-Out

Food Retail on the Cusp of a Major, Long-Term Relative Break-Out

Below I plot a long-term chart depicting the ratio of the DJ Food Retail & Wholesale Index vs. SPX on a monthly basis.  You’ll note that with a few weeks left in June, we appear to be staging a major…

How Much Value in this Name?

How Much Value in this Name?

Super-Valu? In the chart below SVU is breaking above resistance line (1) which has been in place since 2010. Coupled with a continued favorable back-drop for grocers, I wouldn’t be surprised if this break-out helps push the stock materially higher…...

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FX Drives Everything

FX Drives Everything

Want to use this post to reiterate the following: Over-weight sectors/industries that under-performed over the past decade Under-weight sectors/industries/that out-performed over the past decade The latter is most applicable to those sectors/industries heavily impacted, one way or the other, by…...

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Long-Term Meat Product Bull Market Over?  Impact to Stocks & Industries?

Long-Term Meat Product Bull Market Over? Impact to Stocks & Industries?

The first half of this post’s title is not a joke. In the charts below live and feeder cattle have been battling quarter-century, long-term channel resistance over the past two years, having, along with the rest of the commodity group,…...

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Could 20 Years of Relative Under-Performance in This Industry Be on the Cusp of Sustainably Reversing?

Could 20 Years of Relative Under-Performance in This Industry Be on the Cusp of Sustainably Reversing?

Ratio of the DJ Food Retail & Wholesaler Index vs. SPX is plotted below on the far left. It’s done nothing but travel from upper left to lower right of the chart for 20 years. In other words, stocks in…...

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Correlation vs. Causation – Why Has This Industry’s Relative Strength Been So Dependent on the USD Since 2000?

The chart below plots the ratio of the the S&P500 Food Retail Index vs. the SPX since 2000 in black. In green, it also plots the path of the USD over the same period. Why are these two items so…...

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