Chinese Stock Break-Out
Big bust out of DATE below. So long as it’s not a head-fake, could portend a very big move higher. Also could be indicative of our broader thesis re: China being a bull. Lastly, would imagine that thematically, if there…...
Another Former Tech-Sector Darling, This Group Has Languished for a Decade
Over the past year we outlined our view that old-line tech (can you believe we’re calling tech “old-line” these days?) would begin to out-perform the broader market. Specifically, we highlighted YHOO as our favored play for this theme. We updated…...
Random Long Opportunity of the Day
DGIT is presented below. The stock finds itself at resistance in the midst of an overall descending wedge pattern, which typically end bullishly. Moreover, this name is part of the media industry. I’ve favored this industry for some time (look…...
Europe No Longer a Critical Global Macro Driver?
Times sure do change. Europe, for all of 2010-2012, was “the” key driver to global macro trends. Everything seemed to revolve around one peripheral country’s crisis after the next. That’s not the case anymore. The phrase “Euro-zone debt crisis” seems…...
Short-Term Nikkei Thoughts
Short-term Nikkei thoughts, though in the context of a longer-term, more secular view-point. In the chart below I show the Nikkei over the past year on a daily basis and copper in the 2004 time-frame, also on a daily basis…....
Is Barron’s Call for a Credit Crisis in China Correct?
Two weeks ago Barron’s made what appeared to be a bold call for a credit crisis in China. They all but suggested that the probability of a Depression-style event was either rising or imminent. But, similar to their call to…...
Shipping Rates Set to Rise?
Add this to the obscure posts category. I’ve never spoken about the Baltic Dry Index (BDI) before but when you do hear about it, if you do at all, it’s usually re: how badly it’s been declining and why that’s…...
Will Emerging Market Underperformance Ever Cease?
I’ve been very mute on the topic of EMs for most of the site’s history. The only topic of conversation that has been seen on these pages has revolved around the idea that the decade long bull market in commodities…...
Is the Recent Increase in Rates Sustainable?
I believe it is. As we pointed out last week in this post, the ratio of the SPX vs. TYX was suggested a large and imminent move in one of two asset classes – either the SPX or rates. Turns…...
Prospect of Consolidation Could Support Out-Performance of this Industry
In the recent past there’s been some noise in the beleaguered publishing/media industry re: consolidation/M&A. Just last week GCI announced they’d pay a ~30% premium to acquire the media assets of BLC. On Friday, TWC shares rose by ~9% on…...