As the Dow and S&P 500 continue to close at new all time highs, the poor Nasdaq is the only major US index which can’t follow suit. The $COMPQ is still 30% lower than the highest level it reached in … Continued
That’s a genuine question. I wish I had some explanation, but unfortunately the chart below has me scratching my head. After four years of closely following the monetary base, commodity prices have diverged since the start of QE3. The S&P … Continued
Even though we had a choppy April last year, this month has historically been a good one for equity markets for the last ten years. On average the S&P 500 has risen almost 2% in April with the heart of … Continued
Similar to housing starts last week, the Case Shiller home price index (reported this morning) showed a solid improvement in the housing market versus last year. The 10 city Case Shiller index was up 7.3% y/y in January, and the 20 … Continued
Since Friday Thursday is the last day of the quarter, there will likely be plenty of talk about window dressing as the week goes on. It’s generally assumed that window dressing (purchases made at the end of the quarter to manage … Continued
The ratio of the price of an ounce of gold and the level of the S&P 500 held near parity for a couple years coming out of the financial crisis. In the summer of 2011 they diverged, and at its … Continued
Earlier in the week I posted that the $SPX has started the year on virtually the same pace that it started last year. It turns out that Chinese equities are on a similar path as well, but a slightly less … Continued
Having recently passed the 4th anniversary of the March 2009 low, below is a list of the best performing stocks in the S&P 500 (that were in the index at the time) since that date. The S&P 500 is up … Continued
As the Dow inches closer to a new all time high, the S&P 500 is still about 1% away from a new high of its own. Part of the reason for the divergence is that the Dow has outperformed the … Continued
$XLV made another new all time high this morning, and is now almost 15% higher than the highest level it reached in 2007. Being a “defensive” sector, generally one might expect healthcare to be under-performing the $SPX in a bull market; however … Continued