iPhone

The market is rising… or is it?

The number of individual S&P 500 companies above their 200-day moving averages (200-DMA) has rolled over.

Put simply, the broader market is NOT confirming this move in stocks.

So overall the momentum is leaving the market... but still the stock market index is going higher...

Why is this?

Because the market is being propped up by just a handful of Tech Companies.

Those companies are: Apple, Amazon, Microsoft, and Alphabet.

by Keith Weiner

This question is no longer moot. As the world moves inexorably towards the use of metallic money, interest on gold and silver will return with it. This raises an important question.

Which interest rate will be higher?

The Wrong Approach

Excerpted from The Gloom, Boom & Doom Report, March 2017, authored by Mark Faber; via MauldinEconomics.com,

Writing for https://www.dailybeast.com (February 4, 2017), Joel Kotkin opines under the title “The High Cost of a Home Is Turning American Millennials Into the New Serfs” that

Since the blackout period for buybacks ended after earnings last week, Apple shares have found a dip-buyer every day willing to lift the stock off its lows and close it at its highs... after a disappointing earnings call and outlook, the stock is up almost 7%, breaking above $150 and topping $800 Billion market cap for the first time ever...

Ahead of this week's AAPL earnings, investors were looking forward to more clues what the company with the quarter-trillion cash war chest would do with the funds that are now greater than the GDP of Greece, and aside from the token increase in shareholder distributions, they got little else, which has once again prompted speculation who Apple will acquire once the company decides to shift away from corporate bond holdings (recall that as of this quarter Apple now has more corporate debt on its books than the biggest bond mutual fund) to acquisitions.