The Big Picture |
- Economic policy, with and without forecasts
- SYRAQ
- 10 Thursday PM Reads
- Get Ready for the Shanghai Composite Break Out
- Wrong Way Plosser
- Skepticism Leads to More Market Momentum
- 10 Thursday AM Reads
- 5th Longest S&P500 Streak
- Nicholas Felton: A Quantified Life
| Economic policy, with and without forecasts Posted: 22 Aug 2014 02:00 AM PDT |
| Posted: 21 Aug 2014 05:30 PM PDT |
| Posted: 21 Aug 2014 02:30 PM PDT My afternoon train reads:
What are you reading?
Why Emerging Markets Have Room to Grow |
| Get Ready for the Shanghai Composite Break Out Posted: 21 Aug 2014 12:00 PM PDT
China is on the verge of breaking out from its pattern of consolidation, at least according to the monthly chart book from the analytics team at Bank of America Merrill Lynch. If you look at the chart above you can see that the Shanghai Composite Index is in the midst of transitioning into an upward trend. Stephen Suttmeier, a technical research analyst at Bank of America Merrill Lynch, notes that we’ve reached the end of a five year downtrend and are set up for a breakout.
|
| Posted: 21 Aug 2014 08:30 AM PDT
The thing about academics and ideologues is that they never seem to be willing to correct themselves, despite being obviously and utterly wrong. If I were willing to link to a certain subclass of eejit, I would [Insert Gold bug link here] explaining why hyper-inflation was immiment. And as a reminder, please note the category is “Really, really bad calls” is filled with so much stupid it really should be allowed to become the 5oth state, taking the place of Florida, the current leader in all things dumb. (I blame the heat) |
| Skepticism Leads to More Market Momentum Posted: 21 Aug 2014 07:00 AM PDT Amid a wealth of potential problems, markets are now close to record highs. Military conflicts in Syria, Iraq, Gaza and Ukraine are an unending source of concern. Domestically, economic growth remains below potential. The civil strife in Ferguson, Missouri, reveals the U.S. to be a nation even more divided than previously thought by many. At the very least, the buffoonish local cops there are a national embarrassment. None of this seems to matter to Mr. Market. He continues to power on, oblivious to issues that don’t affect corporate earnings. They have, by the way, been stellar, growing at a 9 percent annual rate. Meanwhile, interest rates are still low and inflation is subdued. Rarely have conditions for market gains been so promising at a time when investor psychology has been so negative. Gallup reports that only 7 percent of those surveyed were aware of last year’s scorching gains in the Standard & Poor’s 500 Index. "Fewer than one in 10 aware that stocks averaged 30% increase in 2013," read one of the headlines on a report from earlier this month. More than half of those polled would put any new cash into bank accounts or CDs, eschewing equities, according to the survey. The less interested the public seems to be in stocks, the higher they seem to go. Stephen Suttmeier, technical analyst at Bank of America Merrill Lynch, points out that the present rally is the fifth-longest since 1928: continues here |
| Posted: 21 Aug 2014 06:30 AM PDT The endless parade of news never stops, which is why we bring you these hand-curated reads each morning (continues here):
|
| Posted: 21 Aug 2014 04:00 AM PDT For data buffs: Stephen Suttmeier of BAML points put that this is the 5th-longest S&P 500 streak above the 200-day MA going back to 1928.
Source: MLPF&S |
| Nicholas Felton: A Quantified Life Posted: 21 Aug 2014 03:00 AM PDT Mr. Felton, an information designer who used to work at Facebook, has tracked almost every aspect of his life, from the miles he's walked to the average length of his personal conversations. |
| You are subscribed to email updates from The Big Picture To stop receiving these emails, you may unsubscribe now. | Email delivery powered by Google |
| Google Inc., 20 West Kinzie, Chicago IL USA 60610 | |
0 comments:
Post a Comment