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  • Finance 0

    Market Remains Overvalued

    Here is a summary of the four market valuation indicators we update on a monthly basis. The Crestmont Research P/E Ratio (more) The cyclical P/E ratio using the trailing 10-year earnings as the divisor (more) The Q Ratio, which is the total price of the market divided by its replacement cost (more) The relationship of the S&P Composite price to a regression trendline (more) To facilitate comparisons, we’ve adjusted the two P/E ratios and Q Ratio to their arithmetic means and the inflation-adjusted S&P Composite to its exponential regression. Thus the percentages on the vertical axis show the over/undervaluation as a percent abov...
    On July 6, 2017 / By
  • Finance 0

    Volvo Goes All Electric – Well Not Quite: End Of The Internal Combustion Engine?

    SupplyChain24 says Volvo First Major Car Manufacturer to Go All Electric. The headline is not quite accurate, nor is the notion we are on the verge of the end of the internal combustion engine. This is a step in that direction, but let’s separate the hype from the reality. The announcement represents one of the most significant moves by any car maker to embrace electrification and highlights how over a century after the invention of the internal combustion engine electrification is paving the way for a new chapter in automotive history. “This is about the customer,” said Håkan Samuelsson, president and chief executive. “People in...
    On July 6, 2017 / By
  • Finance 0

    Welcome Back

    Podcast: Play in new window | Play in new window (Duration: 13:16 — 7.6MB) DOW – 1 = 21,478 SPX + 3 = 2432 NAS + 40 = 6150 RUT – 6 = 1420 10 Y – .01 = 2.33% OIL – 1.46 = 45.61 GOLD + 3.50 = 1227.70 BITCOIN – 0.36% = 2619.68 USD ETHEREUM – 2.87% = 266.25 Welcome back. A holiday shortened trading week kicked off yesterday with FOMC minutes and will finish with a G20 meeting and the jobs report on Friday. Yesterday, the Fed released minutes of its Federal Open Market Committee meeting from June 13-14. We know the Fed raised its fed funds target rate for a second time this year to a range of 1 percent to 1.25 percent, while desc...
    On July 6, 2017 / By
  • Finance 0

    Gold Recovers, Looks To Strengthen Further

    Gold: The commodity has halted its weakness and triggered a recovery higher as it looked for more correction. On the downside, support comes in at the 1,215.00 level where a break will turn attention to the 1,210.00 level. Further down, a cut through here will open the door for a move lower towards the 1,200.00 level. Below here if seen could trigger further downside pressure targeting the 1,190.00 level. Conversely, resistance resides at the 1,230.00 level where a break will aim at the 1,240.00 level. A turn above there will expose the 1,250.00 level. Further out, resistance stands at the 1,260.00 level. All in all, Gold looks to recover fur...
    On July 5, 2017 / By
  • Finance 0

    New Dow Theory Signal Printed – No Economic Collapse In Site

    Video Length – 00:04:27...
    On July 5, 2017 / By
  • Finance 0

    Vice Index Shows U.S. Slowdown Ahead

    Slower Spending Growth In Q3 When Vice spending momentum began to slow in February, I blamed near-term noise. I thought it might be tied to February’s tax refund deferral. And when it slowed again in March, I blamed Easter. But vice spending growth continues to slow. In fact, in the latest month, it points to contraction in 3Q or early 4Q. And we’re already seeing that slowdown in the latest Retail data. May retail spending downshifted significantly: Recent Macro Data Confirms the Downshift People spend what they earn. As income growth slowed, so have Personal Consumption Expenditures (PCE). And this is after gas price inflation has m...
    On July 5, 2017 / By
  • Finance 0

    Forex Ranking, Rating And Score For July 2017

    The Top 10 of the Ranking and Rating list for the coming month shows the following stronger currencies being well represented for going long: the NZD(3X) with the EUR(3X) followed by the CAD(2X). The weaker currencies are the JPY(4X) followed by the USD(3X) with the GBP(3X). A nice combination for the coming month may be e.g: EUR/JPY with the USD/CAD NZD/JPY with the GBP/CAD NZD/USD with the  EUR/GBP Ranking and Rating list Analysis based on TA charts for all the major currency pairs. Good luck to all. No advice, just info. Every month the Forex ranking rating list will be prepared around the change of the month. All the relevant Time F...
    On July 5, 2017 / By
  • Finance 0

    Dividend Income Update June 2017

    The beginning of every month is exciting for all dividend income investors as we look back at the previous month and see how much passive dividend income our portfolios generated. No doubt, these are the best posts to write and read online as it only provides further proof that dividend investing can work over time and that anyone can create an ever growing passive income stream. Looking back at my June totals I see that my year over year progress is moving at a nice clip. Now that half of 2017 is in the books my annual dividend income picture is looking a lot clearer. With that being said, let’s take a look back at my June 2017 dividend ...
    On July 5, 2017 / By
  • Finance 0

    Tall Tales And Transports

    “The Transports are rallying, hitting new all-time highs. That’s extremely bullish for the broad market.” – Pundit One of the tallest of tall tales in markets is the myth of all-powerful Transports. When Transportation stocks are hitting new highs, as they are today, all is said to be well in the world. Investors can safely buy the broad market with an expectation of nothing but blue skies ahead.   Back in July 2011, we heard the same fable from a renowned pundit. Transports were hitting new highs with the S&P 500 still below its peak in April. “Bullish,” he said. What followed? A sharp sell-off and 20% decline until a bottom...
    On July 5, 2017 / By
  • Finance 0

    Chart Of The Week; Marathon, Not A Sprint

    After the 2013 “reflation” selloff, it took just about two years for the treasury market to revisit (10s) the 2013 lows (rates). In all that time, each and every bond selloff was met by the same assurances that “rates had nowhere to go but up” when instead the underlying fundamentals (economy as well as money/liquidity) were the same throughout. “Rate hikes” and even balance sheet normalization are supposed to matter this time. But QE taper and then its final end was believed highly relevant, too.  Maybe instead it doesn’t matter what the Fed does. Sure didn’t in 2008, so why would it in 2014, 2017, or any time hereafter?...
    On July 5, 2017 / By