The key theme of the new highs list: yield. I wrote about the long term breakout in dividend stocks relative to the S&P 500 during the week. Although the ratio is stretched now, the theme is still set up to outperform through 2016.
The IPO market data suggests Biotech was a bubble via Renaissance Capital
The stock to bond ratio is clinging to life at crucial support.
The consumer ratio has lost its multi-year uptrend. Can it recover?
We've reached panic levels in oil via Option Pit
The IMF expects inflation in Venezuela to be 720% in 2016.
Defense aircraft spending is at a level not seen since 9/11 via @zerohedge
Muni Bonds have performed as well as any asset over the past three months. The intermediate trend is losing momentum.
A monster executive shakeup at Twitter was just announced
The stock market has been highly correlated to oil prices via SoberLook$TWTR BREAKING: Twitter Bombshell Shakes the Market With Abrupt Changes https://t.co/LLofOB95rl pic.twitter.com/kHCyFqPdQG— Ophir Gottlieb (@OphirGottlieb) January 24, 2016
The Forward P/E of the S&P 500 is 14.9 as we head into the meat of earnings season - FactSet
Jesse Felder notes this is now the worst possible environment for stocks
Thanks for reading
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