Markets

Here is a chart of the relative performance of various asset classes over the past year. One asset class outperforms the others… by a wide margin.

Our post of August 22nd, S&P500 Faces a Fork in the Road, noted the S&P500 faced a fork in the road. One path, the 2010 bullish trajectory bolstered by Jackson Hole; the other, the bearish 2008 trajectory, the result of, say, a…

While most EM central banks have moved into dovish wait-and-see stances, very few have cut rates during this cycle. Besides Brazil, only Turkey has this distinction and we’ve seen markets punish the lira in recent weeks. While the…

When oil prices start to decline, investors and economists get worried. Oil prices in large part reflect global sentiment towards our economic future - prosperous, growing economies need more oil while slumping, shrinking economies need…

After posting the W bottoms on the S&P500 and the Brazil ETF here is our favorite, the Korea ETF (EWY). We learned during the 1997 Asian Financial Crisis never to short Korea and never underestimate the resolve of the Korean people.

On a month-to-month basis, all metro region in the Case-Shiller Home Price Index for June 2011 showed price increases. On the other hand, we saw year-on-year housing declines across 20 major US metro areas of 4.5%.

Not the classic trajectory and confirmation, not to mention the compressed time frame, but you’ve got to respect the price action. The macro swans are still out, so the question is are they priced? We don’t know and not willing to make a…

Comstock Partnrs writes that its fund is currently positioned to benefit from a declining stock market. This bearishness is mostly due to the enormous debt built up over the last few decades (total debt-including private debt-- was $11…

The impact of Fed Chairman Bernanke’s testimony – his assessment of the economy and the further accommodation that can be provided to stem economic stresses into next week - will dominate market action into the next week. The G10 currency…

Timing couldn’t be more perfect, no? Maybe we get a bottom in equities on the release date. Go here to the movie’s official website.