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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
