Business

Submitted by Mark Spitznagel via Pensions & Investments,

Breadth Breaking Bad-er with every passing day. 

As Citi's Matt King explained over the weekend "the equity rally has become increasingly narrow: as our equity strategists like to say, “Bull markets narrow; bear markets broaden.”

It doesn't get much 'narrower' than this:

The "Arms Index" or "TRIN" is a technical analysis indicator that compares advancing and declining stock issues and trading volume as an indicator of overall market sentiment.

Do you still believe in market Christmas miracles?

The slow-motion wreck continues...

Unlike most other countries, the United States doesn't control drug prices. It leaves pricing up to the market. Which enables drug companies to charge as much as the market will bear. So what, exactly, did Martin Shkreli do wrong, by the standards of today's capitalism? He played the same game many others are playing on Wall Street and in corporate suites. He was just more audacious about it.

Submitted by Lance Roberts via RealInvestmentAdvice.com,

In this past weekend’s newsletter, I discussed the end of the mutual fund redemption period. (Charts updated through yesterday’s close.)

“Friday’s sell-off, combined with options expirations, pushed the markets back to short-term oversold conditions and at previous support.”