As I mentioned in my last article, the reflation trade has stalled and is now starting to reverse. The country was relieved the election was over so survey results were off the charts in terms of optimism. I showed you how some surveys showed firms not claiming they saw any boost in sales, but they
Today the market is playing out as I projected. The leaders of the market, the financials and small caps, are selling off. The KBW bank index was down 3.43% and the Russell 2000 was down 1.44%. The initial hype that Trump would cut regulations to help these stocks became overheated. The market was e
As most expected, department store sales lost share to online sales this past holiday shopping season. Kohl’s and Macy’s saw 2.1% drops in comparable store sales in November and December. Amazon likely had a great Christmas. If you are only focused on retail stocks, then a summary of the season is i
The price of bitcoin has stabilized in the low $800s. This isn’t to say that’s a permanent or even temporary bottom, because we saw the stabilization in the $900s vaporized within hours. However, I do have reason to believe the chance that the correction is over is higher than it was before because
Even when the equity market falls, it seems to rebound. In the morning, the S P 500 was down as much as 0.78% before regaining more than half of those losses. Today was the first day the Nasdaq was down this year as technology stocks had been making up for lost ground in this Trump rally.
While optimism exploded after the election, it has slowly started to revert to the mean. If you’re only focusing on equities, you wouldn’t be able to see the unwind because the S P 500 is within less than 1% of its all-time closing high. The Dow is still making its attempts at reached the heralded 2
2017 should be a year with many economic policy uncertainties. This is because major political elections were won by populists such as Brexit and Trump in 2016. The result of this political momentum is sentiment which tends to be against free trade and globalization. The movement is fueled by the op
Today bitcoin crashed again. The lows of the day were $752.11 which represents a 16.9% decline from the open. That represents a 33% fall from the closing high about a week ago. Bitcoin has now recovered to the $780s after the sharp decline in the morning. It had stabilized for a few days at around
The article will be broken up between the two top news stories in social media. The first is the news Vine is becoming a camera app. The second is the news Facebook is adding ads within videos. Vine Will Be a Camera App Twitter is finally shutting Vine down on January 17th. Vine will transition
One way to look at how expensive the market is, is the Shiller PE. Shiller PE is a cyclically adjusted price to earnings ratio. In other words, it is the average inflation adjusted earnings multiple from the past 10 years. I looked at the Shiller PE of the market on a monthly basis since 1881.
