With John Hampson

Sunday Charts

Self-explanatory I believe, so no comments. Clear interest in physical gold and silver which suggests the turn should be near. For stocks it comes down to the short term waves … Continue reading

November 22, 2015 · 230 Comments

Just The Facts

US earnings: blended earnings growth stands at -2.2%, compared to an expected -5.2% before reporting began. So that’s quite a beat, and may account for some market fuel, but still … Continue reading

November 7, 2015 · 310 Comments

El Niño And Global Temperature

2015 so far is the hottest on record, globally land and ocean. Here is January-June: Source: NOAA And here is July, the hottest month since records began in 1890: Source: … Continue reading

August 18, 2015 · 156 Comments

The Conundrum Of Our Times Part 2

Let’s now draw in the solar cycle. Here are US equity valuations by Q ratio versus solar maxima over the last century. A relation becomes apparent with secular lows and … Continue reading

June 15, 2015 · 56 Comments

All Change At The Solar Max

1. The solar maximum peaked out mid-2014 2. Geomagnetism intensified since then 3. That’s twin negatives for risk assets, reflected in the drop in commodities 4. It’s also twin negatives … Continue reading

April 19, 2015 · 273 Comments

Saturday Markets Update

Stocks ended the week on some buying. We are approaching this coming Tuesday’s new moon and Thursday’s ECB meeting, at which we should expect some kind of QE or new … Continue reading

January 17, 2015 · 180 Comments

End Of 2014

I’m back and refreshed. Thanks for all the messages, and for all the comments in my absence. Here is the big picture. 1. Primary shift to defensives and away from risk occurred as of January … Continue reading

December 30, 2014 · 109 Comments

Cross Asset Position

No reversal yesterday in equities but I maintain it has to be close at hand. The Nasdaq added another day to its small sideways range. RSI divergence argues the next move … Continue reading

November 11, 2014 · 113 Comments

In Perspective

1. The start of January brought the shift to defensives, measured here in 4 ways: stocks to bonds ratio, cyclical to defensive sector ratio, small caps to all caps ratio and high … Continue reading

November 9, 2014 · 102 Comments

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