Tag Archives: Markets
Slowing Eurozone Growth Telegraphed by Waning Consumer Search Trends
Posted By Ben Breitholtz
Consumer search trends within Germany, France, Italy, and Spain are reflecting slowing spend. Germany leads the pack in a deteriorating outlook, but some bright spots exist in Spain. Real GDP is expected to slow toward 2.2% year-over-year into year-end.... Read More
Strength and Agreement Pervasive at Fed
Posted By Ben Breitholtz
Uncertainty reflected by both Fed officials and markets over tightening policy has become ultra-low. The Fed is transitioning away from not only financial stability concerns, but also employment in general. The consumer's ability to remain healthy and spend will dictate policy.... Read More
Falling Interest in Rental Housing Bearish for Metals, Staples
Posted By Peter Forbes
Declining search traffic for rental housing is bearish for industrial metals and a number of typically non-cyclical industries in the S&P 500. ... Read More
High Yield ETF Volume and Flows Update
Posted By Ryan Malo
An updated look at high yield ETFs... Read More
Investment Grade ETF Volume and Flows Update
Posted By Ryan Malo
An updated look at investment grade ETFs... Read More
Percolating Uncertainty Across EM Likely to Boil Over
Posted By Ben Breitholtz
Emerging markets have broken out to heightened levels of uncertainty regarding central bank actions and currency returns. We believe ulta-low concern from the FOMC, ECB, and BoJ will not last, meaning U.S. 10-year yields could very well make a return to sub 3.00% in the near-term.... Read More
Goodbye, Fed Put and Hello, Trump Put
Posted By Ben Breitholtz
The Fed put may very well have been replaced by a Trump put. Investors appears pre-programmed to anticipate a run of unfavorable news coverage of Trump will be corrected in the days and weeks ahead. Small caps and technology equities have greatly out-performed following these periods of unfavorable Trump-related news trends.... Read More
Can Leveraged Loans Keep Up the Pace?
Posted By Peter Forbes
Leveraged loans are booming as investors chase higher yields and position for rising rates. Bond market volatility needs to rise for leveraged loans to keep outperforming high yield bonds. ... Read More
Worsening Consumer Trends Reflect Rising Delinquency Rates
Posted By Ben Breitholtz
Google search trends are reflecting a rise in consumer stress and waning spending patterns. Forecasts show delinquencies across the top 100 banks could rise from 2.5% to 3.7% in the year ahead. Defensive sectors should provide better shelter than banks and diversified financials.... Read More
Insurance an Option as Storm Builds for Banks
Posted By Peter Forbes
U.S. bank equities face rising headwinds from weaker consumers, rising uncertainty, and slowing growth. The insurance sector is better positioned to ride out the storm. ... Read More
CoT Detail: Interest Rates
Posted By Ryan Malo
A breakdown of the COT data for interest rates... Read More
Separating Wheat from Chaff in Emerging Markets
Posted By Peter Forbes
Regional economic growth, commodity performance and trade uncertainty have Brazil standing out from its peers. ... Read More
No Interest in Non-Cyclicals
Posted By Peter Forbes
Margin compression fears are adding to the woes of underperforming consumer staples. Expectations for rising Treasury yields will likely keep ETF investors looking elsewhere. ... Read More
Foreigners Sold A Large Sum Of U.S. Equities In March
Posted By Greg Blaha
An overview of foreign net purchases of U.S. Treasuries, agencies, corporates and equities... Read More
Stock Returns Since The Election – Financials Up 45%
Stock total returns since the election. ... Read More
Bond Returns Since The Election – High Yield Up 10%
Bond total returns since the election. ... Read More
Commodity Returns Since The Election – Energy Up 25%
Commodity returns since the election. ... Read More