Stock Tribes

This is a not-so-great development… From my perch at the crossroads I’ve been watching the formation of several tribes materializing around some of the highest-flying cult stocks, predominantly within the tech sector. There is a Tesla Tribe and a Google Tribe and an Amazon Tribe and a Facebook Tribe and a Netflix Tribe and probably…

The Starbucks Global Takeover

What is astonishing about Starbucks and its global takeover to me is the fact that it keeps going – over 15% growth in the amount of stores (19,209 in more than 60 countries) over the last three years. When, if ever, does the chain reach saturation point? More importantly, can Dunkin Brands pull off a similar…

Chart o’ the Day: Gold is so passé

Investors are so over the whole gold thing now that five years of money printing have failed to produce inflation and the global economy has proved itself quite resilient amidst one political crisis after another. Even central banks – including many in economically backwards, superstitious countries – are so over it. Here’s the Wall Street…

361 Capital Weekly Research Briefing

361 Capital portfolio manager, Blaine Rollins, CFA, previously manager of the Janus Fund, writes a weekly update looking back on major moves, macro-trends and economic data points. The 361 Capital Weekly Research Briefing summarizes the latest market news along with some interesting facts and a touch of humor. 361 Capital is a provider of alternative…

Margin Debt: Another Bogeyman Slain

In 2009, they routinely trotted out charts of aggregate insider selling to show how corporate executives weren’t buying the relief rally and were getting out while the getting was good. Every day a new chart or blog post or newsletter written about the mass dumping of execs’ personal stock holdings. Fortunately, we learned that aggregate…

using spurious correlations to justify trades you just want to do anyway

via Eric Peters: Stupid Questions: “An African contact sent a chart of bush-gold vs gold prices,” said the CIO. And having long since overcome my fear of asking stupid questions, I asked what the hell bush-gold is. “Gold ore arriving in African mkts from the bush.” I asked why he cares? “When African’s really want gold,…