Tags » Equities

Margin Debt Outstanding Remains High but Suggests an Oversold Market

A client said: “U.S. margin debt outstanding remains at a very high level; as such, I expect U.S. stocks to correct further.”

We last discussed the overbought condition in U.S. 395 more words


Quick Fact - As goes January...

We are only halfway through January, but it doesn’t feel like a fresh start to the new year, now does it? From day one markets looked grim and sentiment turned severely negative. 328 more words


Sell in May - Early Summer Update

Here’s a very brief update on this year’s ‘Sell in May’ effect. The graph above shows that during last winter period (November – April) stocks yielded healthy returns. 192 more words


Equities always outclass other assets in long term...

India has always been a savings society rather than a consumption society. Savings are deep-rooted in our DNA and the seed is sown since childhood with piggy banks. 285 more words

Financial Market

Our Leading Indicators Still Suggest Lower Asset Prices

In our March 12, 2015 commentary (“The Weakening of the CB Capital Global Diffusion Index Suggests Lower Asset Prices“), we discussed the shortcomings of Goldman Sachs’ Global Leading Indicator (GLI) based on its over-reliance on various components such as the Baltic Dry Index and commodity prices & currencies (specifically, the AU$ and the CA$). 824 more words


The Re-leveraging of Corporate America and the U.S. Stock Market

The U.S. stock market as of the end of 1Q 2015 is overvalued, overbought, and overleveraged. As we discussed in our weekly newsletters over the last couple of months, the S&P 500 is trading at its highest NTM (next 12 months) P/E and P/B ratios since early 2001, just prior to the bursting of the bubble in U.S. 523 more words