S&P 500 sets new record high…Emerging Markets long way to go

Today the S&P 500 set a new record high.  If the Federal Reserve signals a continuation of their easy monetary policy, then it’s likely this bull market could continue to rally through year end.  I’m holding my positions and remain especially optimistic about the upside opportunities in Emerging Markets. Jerome Powell, the Chairman of theContinue reading “S&P 500 sets new record high…Emerging Markets long way to go”

Is the S&P 500 rolling over or making higher lows?

It’s been one negative headline after another- FED Repo Operations, rumors of Chinese stocks being delisted in the US, Impeachment Inquiry…yet today’s recovery was impressive and widespread.  What I find ever more interesting is how Emerging Markets seem to be improving as the US is slowing.  For the past month, Emerging Markets have outperformed theContinue reading “Is the S&P 500 rolling over or making higher lows?”

Emerging Market Cyclicality

Markets move in cycles.  Emerging Markets are not only cyclical but also extremely volatile.  Peak-to-trough swings of more than 30% are common. Cycles don’t repeat themselves, but they do rhyme. As commodity prices were collapsing in 2015-2016, Emerging Markets bottomed in February 2016.  Pundits hysterically predicted that it would take a decade for extraction basedContinue reading “Emerging Market Cyclicality”

S&P 500 up and yet lagging Emerging Markets

December was the worst performing market since the Depression and not surprisingly January is shaping up to be one of the best.  Even with today’s slight pullback, the S&P 500 is up 10% from the Christmas Eve low. The move back to risk isn’t unanticipated, given December’s extreme (and I believe unwarranted) selloff.  What IContinue reading “S&P 500 up and yet lagging Emerging Markets”

Copper might be putting in a bottom

Are volatile markets driving you crazy?  Take some solace in the fact that Copper seems to be putting in a bottom and might be resetting a long distorted baseline. A narrower range of Copper prices would be a positive indicator for the health of Emerging Markets. For more information, please watch my latest YouTube video: Continue reading “Copper might be putting in a bottom”