Category Archives: Uncategorized

Nope!  Based on Warren Buffet’s favorite stock market valuation metric, the market remains very expensive.   Note this is a mean-reverting chart — that is, the time series does not move from lower left to higher right as the total market … Continue reading →

The summer trading doldrums have arrived, and our current market analysis indicates that long-term investors lack conviction. As a result, traders are pushing the S&P lower in the morning and covering into the close, stifling market volatility — albeit deceptively. … Continue reading →

The Monthly Treasury Statement has been released, and the data reveals a continued deterioration of the deficit, which is now at around 7.3 percent of GDP on a 12-month trailing basis. The Economist recently expressed concerns that the U.S. budget … Continue reading →

Note the S&P traded within 9 points from its February bear market high on Monday before falling 125 points into today’s close.  The market is now in the hands of large depositors ($250k) in the regional banks.  See no evil … Continue reading →

Today’s Economist cover: By The End Of The Decade? America’s budget deficit is set to balloon as its population ages, the cost of handouts swells and the government’s interest bill rises.  We estimate that deficits could reach around 7% of gdp … Continue reading →

Data released on Monday showed South Korea’s shipments abroad fell 14.2% in April, steeper than economists’ expectations for a 12.2% decline. Korean exports are a bellwether for international trade because the nation sells a lot of essentials for supply chains — like semiconductors, computer … Continue reading →