If you believe that history is any guide at all when it comes to monetary policy, the dollar and gold, then this may be of interest to you… Gold has been in a death spiral of late based on the twin fears of rising rates and a dollar at decade highs. According to HSBC’s FX…
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The Riskalyze Report: Advisors Raise Cash
At the request of so many investment advisors, my friends at Riskalyze share the big trends in the assets going into and coming out of advisor portfolios every week. The underlying data is aggregated from hundreds of thousands of client accounts across the $44 billion and counting that advisors manage on the Riskalyze platform*. I…
Yeah I said it…
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The Worst Month for Commodities Since Lehman
S&P Dow Jones Indices has a thing on commodity prices at their blog, Indexology, that is sure to raise some eyebrows. July 2015 is shaping up to be the seventh worst month for the GSCI index of 24 commodities in recorded history. The index is down 13.59% month-to-date, a feat it has only achieved in six…
QOTD: Shanghai’s Investor Class is a Kindergarten
irrationality will be the rule, not the exception
Clips from Today’s Halftime Report
Chart o’ the Day: Worst Market Participation Since October 2007
some caveats before this stuff sends you into a panic
PTJ on being on the right side of the trend
There’s more than one way to skin a cat. The stuff that Paul Tudor Jones has made his billions based on does not appear in any traditional investing text book. Ben Graham would read his stuff and roll over in his grave. For example, the idea of being on the right side of a predominant…
QOTD: Ken Griffin on the Bond Illiquidity Myth
Did Dodd-Frank’s removal of banks from bond market-making activity make our markets less liquid and, hence, prone to a future crisis? Citadel’s Ken Griffin pens an op-ed in the Wall Street Journal that effectively says “Don’t believe the hype.” Griffin speaks on behalf of the new market makers (HFT shops and hedge funds) who’ve been…
The Rally is Rotting from Within
Bank of America Merrill Lynch’s ace technician Stephen Suttmeier is out with his big monthly chart book this weekend and he leads off with a pair worthy of our attention. The number of S&P 500 52-week lows that have piled up here at the midpoint of 2015 is not a good thing. The market has…