Interesting post from the WSJ on how momentum in the first half of the year carries over to the second half when the first half is exceptionally strong. What I …
Copper Plunge Has Me Nervous
Here’s an interesting article about the plunge in copper, and how it might be signaling future economic weakness. Those of you familiar with our simple three factor system know that …
Emerging Markets Are Underperforming Again
Earlier we wrote about emerging markets and how the companies that construct the indexes were going to increase the Chinese component.Now this:“Regulatory filings show that hedge funds in the first …
Are You Unknowingly Betting On China During A Trade War?
This from yesterday’s Wall Street Journal:”Investors are about to buy billions of dollars in mainland Chinese stocks even as trade tensions whipsaw markets.”Two of the largest global index providers, MSCI …
Strange Things Happening in Europe
Two strange things are going on in Europe. As the chart below shows, there has been a big increase in the quantity of government bonds that have a negative yield. …
Jamie Dimon Likes Straddles
OK, maybe he doesn’t really “like” straddles. But what he does say implies that the market conditions going forward will have characteristics that are conducive to long straddles. Dimon Sees …
This Time is Different?
If you’ve been a member of our Three Easy Factors service (now renamed to Three Pillars), you’ve probably taken notice of the yield curve lately. Well, some people are still …
IPOs
The IPO pipeline is bursting, what with Levi’s and Lyft having gone public, and several other household names on deck. But there was another IPO statistic that caught my eye. …
Declining Liquidity
This article is behind a paywall. But the headline provides the key point: Liquidity of the E-mini S&P 500 futures contracts is shrinking – hit hard after the two volatility shocks …
