Gartman: "We Are Now Short Of One Unit Of The US Equity Market"
So much can change in ten days.
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Futures Jump, Global Stocks Rebound From Longest Losing Streak Of The Year
After five consecutive daily losses on the MSCI world stock index and seven straight falls in Europe, there was finally a bounce, as investors returned to global equity markets in an optimistic mood on Thursday, sending US futures higher after several days of losses as global stocks rebounded following a Chinese commodity-driven rout.
BoE Deputy Governor Gives Crazy Speech Warning Markets Have Underestimated Rate Rises
On 2 November 2017, the Bank of England raised rates for the first time in a decade and Sterling’s initial rise was promptly sold off by forex traders as we discussed.
The 12-Point List To Identify Value Traps
Submitted by Nick Colas of Datatrek Research
Poor, Poor Pitiful… Value Stocks
"Value trap". That’s a phrase we haven’t heard much in recent years, but GE seems to be bringing it back. And as we looked at the dramatic outperformance of growth stocks over value this year, it is clear that there are many such traps in US markets. Having covered the auto industry for a long time, we are well acquainted with the phenomenon. In today’s note: a 12-point list to help you identify value traps.
What Central Banks Have Done Is What They're Actually Good At
Authored by Jeffrey Snider via Alhambra Investment Partners,
As a natural progression from the analysis of one historical bond “bubble” to the latest, it’s statements like the one below that ironically help it continue. One primary manifestation of low Treasury rates is the deepening mistrust constantly fomented in markets by the media equivalent of the boy who cries recovery.