Market Action

Market Action

  • Stock Market

    Fed Watching For The 21st Century

    August 07, 2015 BY Doug Ramsey

    Deteriorating stock market breadth and worrisome leadership trends both suggest liquidity has already tightened; whether the Fed follows suit in September may now be just a formality.

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  • Stock Market

    Minding The Gaps

    August 07, 2015 BY Doug Ramsey

    We think stock market action in the next few months will provide the Fed with an excuse to skip any rate increase in 2015. But our view is a minority one, and futures’ market odds on a September increase shot up in early August. Either way, the obsession over the timing of a Fed rate hike ignores the fact that world P/E ratios are already contracting—at least on the basis of our 5-Year Normalized EPS.

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  • Stock Market

    A Page For The Bulls

    July 08, 2015 BY Doug Ramsey

    One could conceivably argue the market is still “cohesive” enough to hold together for awhile longer. June 23rd saw closing bull market highs in the NASDAQ, Mid Caps, Small Caps (both the S&P 600 and Russell 2000), and the critical KBW Bank and NYSE Arca Broker/Dealer Indexes.

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  • Stock Market

    Another Upleg?

    March 06, 2015 BY Doug Ramsey

    The stock market generated enough positive evidence by the second week of February to knock us from our comfortable perch on the fence. We covered a portion of our equity hedges on February 12th, bringing net equity exposure in the Core and Global Funds up to 58% from the 50% level that had prevailed since November.

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  • Stock Market

    Stuck In Neutral?

    December 05, 2014 BY Doug Ramsey

    Extreme market viewpoints get the headlines, but it’s baked into our disciplines that we will (occasionally) be noncommittal.

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  • Stock Market

    Stock Market Observations

    December 05, 2014 BY Doug Ramsey

    Market gains have been less broad than in 2012 and 2013; market direction and leadership have been mismatched; and quantitative factors have been choppy.

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  • Stock Market

    A Quick Technical Take

    December 06, 2013 BY Doug Ramsey

    If a bear market is imminent, it will unfold with less “internal” forewarning than any cyclical decline since the late 1930s.

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  • Stock Market

    Stay Bullish

    April 04, 2012 BY Doug Ramsey

    It’s April once again… Are we due for yet another market top? Some perspectives on the possibility of attaining a new all-time market high in the current cyclical bull, and what may drive the upside.

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  • Stock Market

    Stock Market Observations

    March 06, 2012 BY Doug Ramsey

    Under the “principle of alternation”—in which price patterns vary from cycle to cycle for the sole purpose of fooling market participants—the bull market is (in my view) unlikely to top out in the spring or winter of 2012.

     

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  • Stock Market

    Markets (Mostly) In Gear

    May 04, 2011 BY Doug Ramsey

    Market in gear, with almost all market indices hitting new highs in tandem. Would be unusual for a market correction with this type of uniformity.

     

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