I’ve become incredibly bullish in terms of my disposition to one’s macro market exposure. I have put up post after post after post on this site over the past six months, and increasingly so as of late, detailing why the…...
We made a highly out of consensus call on 7/2/13 suggesting Chinese equities were at a major low. This call was concurrent with Barron’s front page story calling for a renewed credit crisis in the country. That call proved incredibly…...
In early March of this year as the SPX laps its early March 2009 weekly closing low of ~666, it will be up ~175% on a five-year basis. In the past, we’ve only looked at this cycle on a four-year…...
Fuel cell stocks have done nothing for the better part of two decades, save for the massive run they had in the latter stages of the 90s-era tech boom, perceived as a similar bastion of innovation that was imminently to…...
I pointed out a few times late last year as it was underway that the YoY in SPX EPS, according to the monthly Shiller data, was in negative territory for seven consecutive months (Sep 2012-March 2013) even as the SPX…...
Wanted to provide a quick update on our previously cited China analog, which builds off the original logic about the region being at a major cyclical low first postulated in early July of this year here. There sure has been…...
Our views on semis have evolved as follows over the past year+: 10/15/12: “…we believe semiconductors have more relative downside left vs. the broader market…” 7/16/13: “…we are ready to make a high conviction industry call on semi-conductors and suggest over-weighting the…...
Using monthly Shiller data, over the past year Dec-12 to Dec -13, the yield on the 10 Yr UST has risen ~75% to 300 bps from ~170 bps; concurrently, the SPX has risen ~28% to its current level. With this…...
We were very early to the Nikkei long and secular bull story, having first outlined the rough sketches of this call all the way back in June 2012, long before it was fashionable. We added greater depth and confidence to…
There are nine long opportunities in the chart package below. They cover a broad array of industries including gaming, homebuilders, shipping and medical equipment. In one form or another, we’ve liked each of these industries at one point or another…...