15 Bullish Beliefs (Or Not) For The Market

15 Bullish Beliefs (Or Not) For The Market

Bullish Moves Yesterday, the market broke out of its consolidation range that we have been discussing over the past several weeks. Such is undeniably bullish and sets the market up for a test of “all-time” highs.  However, while we did get a bit of “exuberance”...
Passive Fingerprints Are All Over This Crazy Market

Passive Fingerprints Are All Over This Crazy Market

  This topic is not just of importance to investors. The underlying theme has serious consequences for the economy. Passive investing is, by definition, a misallocation of capital. Stocks are bought based on market cap. Passive investors do not acquire them for their...
Better Stay Shush About That One Then….

Better Stay Shush About That One Then….

  “It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.” Wherever there are banks – there is pain. There is much to be learnt from bank results...
What Happened Yesterday?

What Happened Yesterday?

Joining the dots (and dashes) Yesterday saw swings in the markets, some key stocks in the US in particular, and equal swings in our underlying backdrop. Let’s try and join them into a coherent whole. From the dots side we need to start with the plotters at the Fed....
“There seems to be something wrong with our stock markets…”

“There seems to be something wrong with our stock markets…”

  A few weeks ago I was sucked into the positive vibe of surprisingly strong economic numbers and a sense the virus was diminishing. I was expecting stocks to have hit new record levels in June. For a moment on Monday, it felt like they did as the S&P turned...
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