Don’t tell anyone, but so far this year the Chinese stock market – as represented by the Shanghai Composite – is now up almost 30% or double the year-to-date gain in the S&P 500. It’s outpaced the gains for the Hong Kong market by almost triple. The technical base put in by Chinese stocks has…
Joshua M Brown
Hot Links: Fell On Black Days
What I’m reading this morning
#WackFriday
The National Federation of Retailers is out with some bad news about Black Friday – it sucked. Some superlatives via WSJ: “Shoppers spent an average $159.55 online, down 10.2% from $177.67 last year.” and… “the number of people who went shopping over the four-day weekend declined by 5.2% to 134 million, from 141 million last…
How Market Rotation Stole the Alpha in 2014
My post on Friday about how 2014 has been “the worst year for stockpickers in three decades” has generated an epic amount of feedback. I’m not saying anything that everyone doesn’t already agree on – fees are too high and competition is too intense – but it’s a subject that remains incredibly controversial and a sore…
Chart o’ the Day: Winners and Losers of the Thanksgiving Oil Crash
There are a lot more obvious losers than winners so far as oil extends its decline to more than 35% since June. Economists must now fathom whether the benefits to oil consumers end up outweighing the obvious negatives for American crude producers and marketers. The Wall Street Journal shows us the winners and losers in…
The Impeccable Hustle of Elon Musk
This weekend’s must-read article is an in-depth piece about the seven-state melee to bring the Tesla Gigafactory (and its jobs) home. Nevada (the eventual winner) took on multiple competing sites in Texas as well as the states of California, Oregon, Washington, New Mexico and Arizona for the right to put to up over a billion…
The Investing Books You Must Read, According to Jason Zweig
My friend Jason Zweig has read more about investing than most people alive today. He published a list of his must-read investing books at the Wall Street Journal this week and you should make sure you’re at least aware of them and adding them to your queue: I’m often asked, especially as the holiday gift-giving season approaches,…
Plot Twist: The Oil Crash Kneecaps High Yield, Which Halts Buybackpalooza
I’m always on the hunt for interesting investment theses that bubble up far from the Wall Street commentariat mainstream. A trader / blogger named James Farro at Signalinea laid out the following premise, wherein the high yield debt market gets slammed because of oil’s slide, which then spreads a contagion of risk-off behavior around the entire…
This Week on TRB
(Cartoon by Gary Varvel, Indianapolis Star) These were the most read posts on the site this week, in case you missed them:
Star Wars Episode VII Teaser Trailer Hits!
This just hit the web minutes ago, it’s showing in theaters before certain films starting today… I can’t wait to see what JJ Abrams does with the franchise – a good first step was bringing back the X-Wing fighters and Millennium Falcon. See you next December!