In the chart below I plot the relative weightings of various SPX industry groups as a % of the entire index’s market cap over time. Right now, Info Tech constitutes nearly 22% of total SPX market cap. This was roughly…...
Just the other day the deep state trotted out Immortan Joe Biden in an interview with Chuck Todd to let the world know it was planning a “covert” cyber attack on Russia and Putin for their alleged involvement in holding…
Per some emails at the end of Sep that highlighted the increased potential for such a move, crude has decisively broken above multi-year resistance recently. If you believe the WH/Fed/Russia feed-back loop theory – as I do – it’s not…...
Not sure why Google hasn’t doctored these results yet (probably because nobody is looking at them), but Google Trends indicate a Trump landslide so far as search interest in ‘yard signs’ is concerned. To wit, the last three presidential elections…
I’ve been fooled many times by the market this year with respect to my expectation for runaway SPX strength, which, based on the suggestions provided by our mid-cycle pause analog, I thought would be imminently forthcoming post June, yet has…...
In the chart below BBRY appears to be breaking out from a very favorable-looking consolidation pattern as of this week. I’ve highlighted this name in emails recently as having an increasingly bully appearance. In addition, the favorable technical break-out is…...
In the chart below the ratio of copper vs. gold is about to hit 30-year support. This ratio has been touched only two other times over that 30-year history – once in Apr-87 prior to the Aug-87 equity market peak…