The Tech-Wreck - A Shot Across The Bow For "Passive Indexers"
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Authored by Lance Roberts via RealInvestmentAdvice.com,
Authored by Lance Roberts via RealInvestmentAdvice.com,
Authored by Gregory Brew via OilPrice.com,
After a banner year for solar power installation in the United States, reports on the progress of solar power in the first quarter of 2017 have industry advocates hopeful that renewable energy will continue to grow throughout the year, despite competition from fossil fuels, U.S. government support for traditional energy sources and resistance towards cheap imported solar panels by domestic manufacturers.
In his last interview as part of the Barron's Roundtable, from which he is retiring at the end of the year after three decades of participation, Felix Zulauf, owner of Zug-based Zulauf Asset Management had some parting words of caution.
The latest monthly Fund Managers (FMS) survey from Bank of America is out, and continuing the trend noted in previous months when the number of active managers who said that stocks are overvalued hit the highest in nearly two decades, the latest version reveals that the number of respondents saying that equities are overvalued has just hit a record high, surpassing the all time high set during the 1999 bubble. As shown in the chart below, 44% of fund managers now say equities are overvalued, the highest response on record, and up from 37% in May.
VIX was slammed back to a 10 handle...
to enable Nasdaq to ramp up to pre-flash-crash levels from Friday...
As FANG stocks bounce again...
The question is what happens next?