With John Hampson

The Macro Picture

An important week this week: more big earnings, first Q2 GDP release, FOMC and the last week of July. Stock price increases the last 2 years have been 80% multiple … Continue reading

July 29, 2014 · 58 Comments

Sell Into Strength

Or buy into weakness, what’s it going to be? Valuation looks like this: And the Russell 2000 trailing p/e is now over 100. Bull market looks like this: Sentiment looks … Continue reading

April 17, 2014 · 30 Comments

Markets Update

The selling in equities into Tuesday did not wash out indicators, suggesting a lower low should be ahead. Yesterday’s bounce produced a very low put/call reading signalling high complacency. ┬áSource: … Continue reading

April 10, 2014 · 51 Comments

The State Of The Markets

Thank you so much for all the messages of support – I was really touched to read them all. I had a burn out and now have to take things … Continue reading

April 3, 2014 · 114 Comments

Dow 1929 vs Nikkei 1989 vs Nasdaq 2000 vs Today

Yesterday saw a failed breakout on the SP500 on high volume which suggests exhaustion. The Skew print came in still historically high and the put/call print historically low again, which … Continue reading

February 25, 2014 · 55 Comments

Friday Morning Update

Yesterday was an up day for bonds, commodities, gold/miners, and equities, i.e. both pro-risk and anti-risk. Confused? Retail sales came in weak, not just for last month, but for the … Continue reading

February 14, 2014 · 45 Comments

Chart Updates

1. SP500 – the rally since Thursday has kept both bull and bear cases open: 2. However, volume has been weak on the rally versus the falls – the reverse … Continue reading

February 11, 2014 · 30 Comments

The Second Chance

Into the end of last week we saw a two day rally for the stock market, making for a partial retrace of 2014’s declines. So how do things stand heading … Continue reading

February 9, 2014 · 14 Comments

Where Are We?

So far in 2014, the SP500 has made a correction similar to those of 2013, and a larger correction remains historically overdue: Source: Charlie Bilello Yesterday’s bullish candle also came … Continue reading

January 29, 2014 · 46 Comments

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