Have US Initial Unemployment Claims Bottomed? January 22, 2015
By in Economy
New initial unemployment claims fell slightly for the week ending on January 16th from 316K to 309K.
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VDAX Set to Rise? January 21, 2015
By in Markets
In recent history, each time the EUR has fallen relative to the dollar, the implied volatility of the German DAX has risen– sometimes rather sharply.
Read MoreKnowledge Leaders are Surging Ahead of the Pack in 2015 January 21, 2015
By in Knowledge Leaders
2015 has so far thrown investors some curve balls in just three short weeks. Fortunately, one trend has remained firmly intact this year which is the outperformance of global Knowledge Leaders.
Read MoreWhen The Lead Stock Stumbles January 21, 2015
By in Markets
Off the October 3, 2008 low, Priceline.com has outperformed the MSCI All Country World index by roughly 1,100% making it the single best performing stock in the index. For this reason, PCLN is the leadership stock in the index.
Read MoreAdvances Continue to Decline January 20, 2015
By in Markets
With few exceptions, the 200-day moving average of the daily advance-decline ratio remains close to or below lows not seen since 2008– in direct contrast to the trend in prices for most MSCI sectors.
Read MoreBanking And Energy Industry Groups Making New Lows January 20, 2015
By in Markets
Across all regions of the developed world, the banking and energy industry groups have been the worst performers. The MSCI World banking industry is within .5% of making a new 5-year low compared to the MSCI All Country World Index.
Read MoreBanking Underperformance Has Accelerated In 2015 January 20, 2015
By in Markets
Banks, represented here using the KBW Bank Index, ended up underperforming the the S&P 500 by about 375 basis points in 2014. Since the beginning of 2015, bank performance has been much worse.
Read MoreIs the Fed’s Liquidity Pump Responsible for Intraday Price Action? January 16, 2015
By in Economy
Yesterday we highlighted that our Weak Stock Market Close Indicator indicator had surged to the highest level since 2012 and today a client made the good point that our Weak Stock Market Close indicator seemed to give more false signals when the Fed was engaging in QE.
Read MoreDespite Large Moves in Prices, Asset Volatility Still Mostly Below Average January 16, 2015
By in Markets
The last several weeks has undoubtedly seen some major moves in asset prices especially in the commodity and currency spaces. Yet, relative to history volatility in most asset classes still remains below average with the exception of the bond market.
Read MoreThe Median Stock Is Unchanged Over The Last Year But Sector Allocation Makes A Difference January 16, 2015
By in Markets
As we noted yesterday, the US stock market has been the only game in town recently. The S&P 500 is up about 8% over the year and the median stock in the MSCI North America is up 7%. Meanwhile the median stock in the MSCI World Index has not changed over the past year.
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