Inside The Stock Market ...trends, cross-currents, and outlook

Notwithstanding the opening days of June, U.S. stocks have shown remarkable strength considering the bull is now well into its fifth year.

• Read more

Give those who’ve advised investors to “Sell In May” over the years some credit: they’ve never been too specific.

• Read more

The new debate over the QE “taper” erupted at the same time that a long-reliable Fed-tracking tool is telling us it’s time to ease.

• Read more

Commodity producers seem to believe that last decade’s commodity boom is set to repeat. This belief itself probably ensures that it won’t.

• Read more

While flows into the largest mutual fund category by assets have petered out in recent months, a number of impressive fund flow trends quietly remain intact.

• Read more

South Korea is facing a perfect storm of military threats, anemic economic growth both at home and abroad, a competitive threat from Japan’s depreciating currency, and a sell-off from a large ETF sponsor. Will its stock market decline further or is this an opportunity to do some bargain hunting?

• Read more

• Read more

We weren’t prepared to find industry price trend persistence so much more predominant at the global level than it was domestically.

• Read more

Those inclined to sell in May should sell Small Caps. If you don’t have Small Caps, sell Cyclicals, at least for the next six months.

• Read more

• Read more

The Dow Jones Corporate Bond Index has worked in eight of the last nine decades. The credit information in corporate bond prices provides valuable input for investors.

• Read more

• Read more

There are many reasons to think the MTI’s cautionary message should be taken seriously.

• Read more

While U.S. stocks have surged this year, Emerging Markets have languished. What is going on in Emerging  Markets to cause this unusual situation?

• Read more

• Read more

In this note, we discuss our market-level measure of quality, and highlight an expanded methodology for determining the “quality” of a stock and the performance implications associated with such a concept.

• Read more

With no obvious technical resistance left for the U.S. stock market, we’re skeptical of the “long cycle” view, primarily based on valuations and “provincial” data points.

• Read more

If you think being “sequestered” or “Cyprussed” is no fun, turn the calendar back a century. 1913 saw the authorization of the Federal Reserve System and the ratification of the income tax amendment to the Constitution. (CNBC’s Rick Santelli would have been apoplectic.)

• Read more

At 15.8x Normalized EPS, the non-U.S. developed world (measured by the MSCI World Ex USA Index) still hasn’t managed to recover to its old lows of 18x seen in both 1992 and 2002.

• Read more

It’s not just kids’ sports where the achievement bar has been lowered. 

• Read more