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.”
The major averages spent the first two weeks of July rallying from extremely oversold levels before encountering stubborn resistance near their moving averages and downward trendlines. We have seen stocks fail at resistance multiple times since the two month downtrend began in late April. The major averages are at a critical inflection point: either break above resistance or rollover and begin another downtrend.
Final farewell to Bear’s brand, future of wall street, Alan Greenberg,
9 Countries And Their Tumultuous Experiences With Deleveraging AUG. 27, 2013, 12:47 PM As China engages with its credit problem, Morgan Stanley’s Jonathan Garner asks in a new note, “Can China achieve a ‘beautiful’ deleveraging?””This phrase was first coined – by Ray Dalio of Bridgewater Associates – to describe a process whereby a country brings…
By, Adam Sarhan SarhanCapital.com The Airline Industry Has Evolved: The airline industry has consolidated significantly over the past decade. In addition to the massive and much needed consolidation, airlines have cut costs, become leaner, and created a new set of fees that generate billions of dollars per year in new revenue (bag fees, change ticket fees,…
WANT MORE? GET POWERFUL IDEAS & MARKET INSIGHTS DELIVERED DIRECTLY TO YOUR INBOX 10 Quotes from Albert Einstein “Any intelligent fool can make things bigger, more complex, and more violent. It takes a touch of genius — and a lot of courage — to move in the opposite direction.” “Imagination is more important…
February Month In Review: This month marks the one year anniversary from the March 2009 bottom in the stock market. Each of the major averages have enjoyed tremendous gains over the past 12 months as the global economy continues to recover from the worst simultaneous bear market and economic recession since WWII! After that tremendous run,…