S&P 500

Submitted by Rudy Havenstein

After years of seeing terrible market news and commentary, I’m pretty jaded, but when I saw the recent Marketwatch op-ed, “Janet Yellen’s true legacy is her focus on middle-class wages” (by Tim Mullaney), I thought such nonsense needed a reponse that went beyond 280 characters. (Half of Mullaney’s article is an anti-Trump rant, which is fine, and which I will ignore).

"If something is nonsense, you say it and say it loud."– Nassim Taleb

Authored by Erik Norland via CME Group,

We freely admit: Figure 1 is probably the strangest chart that you will ever see, at least in finance. 

You may be wondering: did they throw blue spaghetti noodle on paper for inspiration and then write an economics article about it?  Or, have they spent too much time with disciples of psychologist Timothy Leary, a proponent of experimenting with psychedelic drugs?

Figure 1: Weirdest Chart Ever

Authored by Lance Roberts via RealInvestmentAdvice.com,

Since the election, markets have accelerated the pace of the advance as shown in the chart below.

The advance has had two main story lines to support the bullish narrative.

One look at S&P futures this morning reveals an unchanged market, however it is again the violent sector rotation that is taking place behind the scenes that is the real story, with defensive sectors real estate, retail, food, utilities outperforming while investors continue to bail and book profits on tech stocks after sharp gains since the start of the year.

Rig For Stormy Weather

Posted with permission and written by Gary Christenson, The Deviant Investor