Authored by Pater Tenebrarum via Acting-Man.com,
Read Part 1 here...
Contradictory Signals
Special antennae that help traders catch upcoming opportunities. Available from the same outfit that sells the soup-cooling spoon (Acme Inc).
Via Dana Lyons' Tumblr,
After a record run of muted movement, will recent volatility send negative shock waves through stock market?
The last time we looked at the near-record difference between GAAP and non-GAAP Dow Jones earnings, we found that it had crept to a (virtually) unprecedented 25%. To be sure, that was exactly one year ago, when the economy was perceived as being in worse shape than it is now, thanks to the narrative of a "global coordinated recovery" which is really just record central bank liquidity injections, and Chinese credit creation, both of which have recently hit the brakes.
Authored by James Stack via InvesTech.com,
From public confidence to bullish sentiment to the normally mundane employment data, the U.S. economy and stock market are reaching historic levels not seen in decades. Last month, consumer confidence hit its highest level since December 2000. The percentage of bullish investment advisors recently touched lofty levels that were last reached in January 1987. And this month, the U.S. Department of Labor announced that job layoffs dropped to a 44-year low!
S&P futures are fractionally in the red while traders await President Trump’s pick for Fed chair and more clues on the fate of tax reform; Asian stocks slide, European shares are little changed ahead of tomorrow's ECB tapering announcement as US 10Y yields finally break out of their multi-month range below 2.40%...