S O L A R C Y C L E S

With John Hampson

On The Attack

Phasing more into long gold, short Dow, and opened ETF agri long. Don’t follow me… here is my case. Gold has been making a long base with rising underlying strength … Continue reading

May 15, 2015 · 246 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

Big Picture USA

The solar maximum peaked out mid-2014: Source: Solen Speculation should peak out with it, and that appears to have been the case¬†with trend changes in stocks, commodities, dollar and treasury … Continue reading

April 5, 2015 · 664 Comments

End Of The Mania

The irrationality¬†continues, but not for much longer. After last year’s solar maximum, the cross-asset picture changed. Global stocks entered into a topping range whilst money flowed into the US dollar … Continue reading

March 22, 2015 · 287 Comments

ZIRP vs Solar

US economic surprises are now at their worst level since 2009: Source: Bloomberg / Jessie Felder A trio of such bad data releases are charted here: retail sales, wholesale sales … Continue reading

March 15, 2015 · 441 Comments

State Of The Markets

1. Commercial positioning in the EuroDollar is extreme, suggesting a significant reversal should be at hand: Source: Dana Lyons 2. Gold positioning is not at the same extreme. The positioning … Continue reading

March 8, 2015 · 434 Comments

Behold

New highs in US equities despite… 1. Valuations on a par with the 1929 peak 2. Sentiment extreme lopsided (II 3.5x bulls vs bears, NAAIM 84% bulls) 3. Allocations to … Continue reading

February 14, 2015 · 344 Comments

Not So Different After All?

Comparing the 2000, 2007 and 2011 peaks to 2014-15. Taking 2000 first, as that was the last solar maximum pre-2014 and therefore the most relevant, I’m using several measures that … Continue reading

February 6, 2015 · 344 Comments

The Old Rules

Extremely stretched valuations, highly lop-sided sentiment and allocations, excessive leverage, long-standing negative divergences, persistent shift to defensives, negative leading indicators, disappointing earnings, declining financial conditions: these are some of the … Continue reading

February 4, 2015 · 113 Comments

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