Markets

Nikkei Futures up a Cool 8.3% From their Intraday Low Last Night January 22, 2016

Posted by Bryce Coward, CFA in Markets

There’s not much to say except that the markets were quite oversold. We detailed the oversold condition on Tuesday and Wednesday and tried to make the case that a bounce was likely. It appears we’re getting just that as the oversold condition is combining with central bankers from…

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Chinese Stocks Break Years-long Critical Support Line January 15, 2016

Posted by Bryce Coward, CFA in Economy, Markets

Before showing some rather unpleasant looking charts it’s important to keep in mind the following two items. First, the domestic Chinese stock market is still by an large closed to foreigners. Extremely large institutional investors can only purchase Chinese shares through convoluted means and then…

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2016 China Outlook in Charts: More Slowing Ahead January 11, 2016

Posted by Bryce Coward, CFA in Economy, Markets

2015 was a year in which many investors were caught off guard by the continued slowing of Chinese growth and the commensurate shocks to the global financial system it created as the renminbi weakened, Chinese foreign exchange reserves declined further, and commodity prices accelerated to…

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The Average Stock is Just Shy of Being in a Bear Market December 16, 2015

Posted by Bryce Coward, CFA in Markets

As of today’s closing the S&P 500 index is quite literally in spitting distance of its all-time high as the markets cheered the first rate hike in a decade. Yet, as we noted here and here, most stocks are not quite acting as ebullient as…

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This Chart is Too Ugly for Comfort November 30, 2015

Posted by Bryce Coward, CFA in Markets

It’s quite easy to get carried away with the drawing of conclusions based on a few technical chart patterns (and we are not doing that here!), but this chart is just too ugly to at least go unmentioned. What we’re looking at is the percent…

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