Warning: count(): Parameter must be an array or an object that implements Countable in /home/actorbell/public_html/markonomics/wp-content/themes/darna/g5plus-framework/core/resize.php on line 221

Crypto Rally Imminent? (Chart of The Day 15)

Sector Closes In On Key $150 Billion Value Level The Cryptocurrency Sector has endured one severe BEAR MARKET.  From a peak market value of $825 Billion, the Sector lost 88% of its value before bottoming last December. (https://coinmarketcap.com/charts/). The wipeout of value has been more than justified by the Sector’s disconnected fundamentals.  Holders of Cryptocurrencies […]

Read more

Warning: count(): Parameter must be an array or an object that implements Countable in /home/actorbell/public_html/markonomics/wp-content/themes/darna/g5plus-framework/core/resize.php on line 221

Retail: The Best of Times or Worst of Times? (Chart of The Day 14)

The BEST Christmas in 6 Years or The WORST December in 10? Last week, the Census Bureau released Retail Sales data for the month of December.  The headline number was a stunning FALL of 1.2%. (The Chart on the Left is Seasonally adjusted month over month retail sales.) Following this news, investment banks  tripped over […]

Read more

Warning: count(): Parameter must be an array or an object that implements Countable in /home/actorbell/public_html/markonomics/wp-content/themes/darna/g5plus-framework/core/resize.php on line 221

Charts, Markets And The Presidential Elections

It’s The Market, Stupid   In the 1992 Presidential election, James Carville coined the phrase “It’s the economy, stupid”.  The slogan was a reminder to candidate Bill Clinton the electorate votes with its wallet. That is clearly still true, but as the Chart on the left suggests, the stock market may be the MOST important […]

Read more

Warning: count(): Parameter must be an array or an object that implements Countable in /home/actorbell/public_html/markonomics/wp-content/themes/darna/g5plus-framework/core/resize.php on line 221

New Bull Market Highs in 2019??

Markets Surge on Various “Optimisms” News that a tentative Budget Deal was reached hit the tape Monday evening and sent overseas markets higher.  By the time the closing bell rang in New York yesterday, the Dow Industrials (Dow) gained a cool 373 points. In a BULL Market, EVERYTHING is “GOOD” news.  Markets rally when the […]

Read more

Warning: count(): Parameter must be an array or an object that implements Countable in /home/actorbell/public_html/markonomics/wp-content/themes/darna/g5plus-framework/core/resize.php on line 221

Chipmakers Poised To Lead Nasdaq HIGHER? (Chart of the Day 13)

Semiconductors Breaking Away Despite Bad Earnings An attribute of BULL Markets is the ability to rally in the face of bad news.  Usually, that means that bad news has already been taken into account and available sellers are exhausted. Semiconductors have not only been reporting lower earnings but reducing estimates for 2019 and 2020.  Despite […]

Read more

Warning: count(): Parameter must be an array or an object that implements Countable in /home/actorbell/public_html/markonomics/wp-content/themes/darna/g5plus-framework/core/resize.php on line 221

Has The BEAR MARKET Been Knocked Out?

Rounded Bottoms For Many Stocks and Sectors There is increasing evidence that the sharp and short BEAR MARKET of 2018 ended on Christmas Eve.  Until recently, the rally had the hallmarks of a typical BEAR MARKET rally: excruciating volatility, illiquidity, and poor volume.   For more on the characteristics of BEAR Market rallies: “Characteristics of […]

Read more

Warning: count(): Parameter must be an array or an object that implements Countable in /home/actorbell/public_html/markonomics/wp-content/themes/darna/g5plus-framework/core/resize.php on line 221

The End For Bitcoin?

Cryptocurrency Deja Vu? It is said history doesn’t repeat, but it does rhyme. Cryptocurrencies are proving to be an exception. Are we seeing DOUBLE? The two charts to the left compare the BUBBLE in late 2013 to the LARGER BUBBLE in late 2017. (https://coinmarketcap.com/charts/).  These charts are EERILY similar. Is History actually Repeating? Is it […]

Read more