This Bespoke graph from the July 2, 2020 weekly Bespoke Report, shows the SP 500 having it’s best 100-day return since 1933. The bull / bear debate requires a separate post, but this set-up is actually a little bearish … Continued
Looking at the carnage today, the one aspect of the trade that stood out was the lack of damage to the two emerging markets ETF’s, VWO and EEM. The VWO fell -0,30% today and the EEM, fell 19 bp’s, far … Continued
While the sell decision is usually one of the more “opaque” and uncertain decisions a portfolio manager can make, (and I can see why some use technical analysis to make that decision for them), the other tough aspect to investing … Continued
Not one but two charts this week caught the eye, the first being the bottom chart which shows “relative P.E’s” of the US vs Emerging Markets, from JP Morgan. Not being a big fan of the “relative” valuation … Continued
Bespoke – in their weekly Research Report – published every Friday night, had a great graph on what could be a potential bottoming in Emerging Markets the last few weeks. This blog has written previously about Emerging Markets and … Continued
Since this blog’s last update on portfolio positioning in early July ’18, the weightings of the positions have changed little in the last three months. With the creation of the Communications sector, Technology’s sector weighting has fallen to 20%, … Continued
The above chart is a weekly UUP chart, named as a “dollar bull” vehicle, for which the primary contract holdings are found in the link. Tied primarily to the euro and the yen, the UUP rallies when these two … Continued
One of the classic scenes from BraveHeart was when Mel Gibson, playing William Wallace, was standing in the field facing down the English cavalry, and holding back his troops, yells, “Hold!…Hold!…Hold!” waiting until the heavy horses and opposition were nearly … Continued
The Emerging Markets ended a 10-year bear market in Q1 ’16, as the EEM (iShares MSCI ETF) peaked in the $55 area in October, ’07, the VWO (Vanguard EM ETF) peaked near $58 in November ’07, where both bottomed in … Continued
Two items read this week, were a little worrisome: 1.) Liz Ann Sonders, Schwab’s great strategist, posted this to Twitter on Thursday: During most of this secular bull market, sentiment has been a mixed bag with the AAII data … Continued