For the longest time we have made the case that Wall Street is ready for a rate hike but Main Street is not. The following chart, courtesy of our friends at Reuters/Eikon, shows how the S&P 500 has surged since 2009 but GDP has yet to “take-off.”
Dear Friends: At the close of another year, Sarhan Capital would like to extend our most sincere gratitude to all of our clients, partners, and readers around the world for helping to make our work possible. While still a relatively young Wall Street firm, Sarhan Capital has taken great strides in this decade and in 2009…
QE Cut By Another $10B: On Wednesday 4/30, the Fed ended its two-day meeting and tapered QE by another $10B. The vote was unanimous.to reduce QE from $55bn to $45bn per month. The Fed said the economy slowed in Q1 because of the weather. The focus remains firmly on the outlook for labor and inflation, both of which remain…
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Running out of Fuel There is no question that the strongest area of the market in the past week or so has been the Fuel Cell Stocks: PLUG, FCEL, BLDP. Their moves were simply not sustainable and the action today (big negative/outside reversals- after a big move) typically suggests it is time for these stocks…
Deflation, What Is It? & Why Is It Important? Deflation, Inflation & Disinflation- Defined For the purposes of this article, the following definitions will be used: Deflation occurs when asset prices fall considerably Inflation occurs when asset prices increase Disinflation occurs when the rate of inflation slows. The World Is Deflating: As a general guideline,…
How large cap tech shares have fared since the March 2009 market bottom