"Buy and Hold"... for 17 years to turn a profit.
After a nine-day winning streak the S&P 500 Technology Sector has finaly surpassed its dotcom bubble peak. Today's 992.29 close is above the previous record of 988.49 on March 27 2000.
Two weeks ago, when JPMorgan launched Q1 earnings season, we noted that while the results were generally good, one red flag emerged: the company's credit card charge offs rose to just shy of $1 billion, the highest in four years.
It wasn't just JPM: all other money-center banks reported similar trends, so we decided to look into it.
This is too easy. Forget NFLX Calls. As Goldman explains, the road to real riches over the past 8 years (off the '666' lows in the S&P) is simple - Sell Vol!
The S&P 500 VIX Short-Term Futures Daily Inverse Index which tracks the return of being short a one-month VIX future was up 4364% from March 9, 2009 through 1Q 2017.
While it is unclear if the Chinese, tired of fighting regulations in Canada, are behind the latest jump in home prices, today Case-Shiller reported that its index of Top 20 cities rose at a 5.9% annual rate, the highest increase since July 2014, citing tight supply and growing housing demand.
Authored by John Rubino via DollarCollapse.com,
While the Japanese and Swiss central banks have turned themselves into hedge funds by loading up on equities, the US Fed has stuck to supporting the stock market indirectly, by buying bonds. It’s worked, obviously, with all major US indexes at record highs. But it won’t work going forward, thanks to two gathering trends.