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  • Finance 0

    Sensex, Nifty Trade Lower; Energy & Metal Stocks In Red

    Indian share markets continued to trade on a weak note during the noon session. Losses were largely seen in PSU stocks, metal stocks and energy stocks. The BSE Sensex is trading lower by 150 points and the NSE Nifty is trading down by 62 points. Meanwhile, the BSE Mid Cap index is trading up by 0.1% & the BSE Small Cap index is down by 0.1%. The rupee is trading at 64.96 to the US$. The Market cap to GDP ratio for Indian companies is close to dangerously high levels. While this is still some way off the peak of FY-08, when it had once reached close to 150, it’s relatively high. The Warren Buffett Indicator Suggests I...
    On March 14, 2018 / By
  • Finance 0

    E Market Briefing For Wednesday, March 14

    March Madness  might reasonably describe the bullish rationales that predominate market behavior currently; aside any day (of course) we get an ‘actual’ S&P decline like Tuesday’s projected likely faltering morning rally; and then failing midday recovery effort. Even now they’ll say just another dip; and ignore possibilities the market is running out of fuel, as well as encountering turbulence as our text and videos discussed likely. They’ll reference the extended value levels or concentrated gains led by ‘only’ a small portion of leading stocks as irrelevant; rather than point to a dearth of br...
    On March 14, 2018 / By
  • Finance 0

    The X’s And Y’s Of Jerome Powell And The Long End, As Calculated By Eurodollar Futures

    For the end-of-bond-bull-market-crowd, 3% is a line in the sand. There is no inherent significance in that number, except that it’s a round one. The benchmark 10s as of now trade with regard to that level as if it’s a ceiling. That’s what makes it so momentous. In 2013, the yield finally broke 3% the day after Christmas, getting as high as 3.04% on New Year’s Eve. It hung around there until January 8, 2014, before finally declining back below 3% and remaining less to this day. Back in 2010, though, 3% was meaningless. At that time, the level to beat was 4%, which the 10s did exactly once that year on April 5. The difference between 20...
    On March 14, 2018 / By
  • Finance 0

    Exxon And Biofuels: The Oil Giant Sees Promise In Algae

    Production of advanced biofuels made from algae could grow rapidly in the late 2020s, according to Synthetic Genomics, the biotech company that has formed a partnership with ExxonMobil (XOM) to develop the fuel. The two companies said last week that by 2025 they were aiming to set up one or more demonstration plants to produce 10,000 barrels a day of diesel and jet fuel from genetically modified algae. Synthetic Genomics argues that scaling up production could be relatively quick. The aim is to produce biofuels that will be cost competitive with conventional oil-based fuels at crude prices of about $60 to $65 a barrel. Exxon started working w...
    On March 14, 2018 / By
  • Finance 0

    Q Ratio And Market Valuation: Z.1 Update

    The Q Ratio is a popular method of estimating the fair value of the stock market developed by Nobel Laureate James Tobin. It’s a fairly simple concept, but laborious to calculate. The Q Ratio is the total price of the market divided by the replacement cost of all its companies. Fortunately, the government does the work of accumulating the data for the calculation. The numbers are supplied in the Federal Reserve Z.1 Financial Accounts of the United Statesof the United States, which is released quarterly. Extrapolating Q The ratio subsequent to the latest Fed data (through 2017 Q4) is based on a subjective process that factors in the mon...
    On March 14, 2018 / By
  • Finance 0

    Retirement Risk: Don’t Trade Downside Protection For More Upside

    We have a key belief about saving for retirement: The potential for additional upside is not worth an outsized risk of devastating downside. Case in point: The recent Reuters Special Report on the riskiness of Fidelity Investments’ target date series Freedom Funds highlights important issues on the risk faced by participants in target date funds—risks that may become painfully apparent if or when equity markets pause or reverse their nearly decade-long climb. The challenge with the Fidelity glide path isn’t so much that they are suggesting a bad portfolio—after all, 60/40 is common enough to be the punchline for most any asset alloc...
    On March 14, 2018 / By
  • Finance 0

    Indian Indices Turn Volatile, Inflation Eases, And Top Stocks In Action Wednesday

    On Tuesday, share markets in India opened on a positive note but ended the day in red. The BSE Sensex closed lower by 61 points to end the day at 33,857. While the broader NSE Nifty ended the day higher by 5 points to end at 10,426 levels. Among BSE sectoral indices, IT stocks fell the most by 1.6%, followed by telecom stocks at 1.1%. TCS and Kotak Mahindra Bank were among the top losers. Top Stocks in Action Today HDFC share price is likely to be in focus today after the mortgage lender said that it will sell over 4% stake in its asset management arm HDFC Asset Management Co. Ltd (HDFC AMC) through an initial public offer (IPO). Interglobe A...
    On March 14, 2018 / By
  • Finance 0

    Trade Wars – There’s A Lot More At Play Than Tariffs

    John Rubino joins me today to continue our discussions on tariffs and the bigger picture of trade wars. The recent tariffs with Canada and Mexico are just the start of what could be a busy year for analysts both from the markets side and political side. Free trade can be positive for many countries and people but it is never that easy. (Audio length 00:13:48)...
    On March 13, 2018 / By
  • Finance 0

    FV Top 5 Charts Of The Week

    In this video we run through the weekly email newsletter “The Top 5 Charts of the Week”. In this week’s edition we look at US economic confidence reaching almost record highs, the Energy Sector at a cyclical/structural low point in the S&P500, the astonishing performance of a select group of sectors, factors, and styles in Global Equities, a potential warning signal in the OECD leading economic indicators, and finish with a look at the outlook for the Chinese property market. The key purpose of the video is to add some extra comments and context around each of the charts. Video length: 00:15:25...
    On March 13, 2018 / By
  • Finance 0

    How Low Can Natural Gas Storage Levels Get?

    Natural gas prices were relatively stable today, eventually settling up modestly on a day where they traded positive through most of the trading session.  The theme of small trading ranges continued, with just a 3.5-cent trading range again today. This pulled the daily trading range far below what we tend to see this time of year.  The natural gas strip settled with relatively similar gains along the strip, though backs rallied into the settle so they ended up leading. In our Afternoon Update we looked at recent intraday spread action as well to determine risk and a market narrative, as we have seen spreads be especially telling as of late....
    On March 13, 2018 / By