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Cory’s Chart Corner
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Maybe it is different, but the decline in breadth is playing out as it did during the Tech-wreck why, because humans are involved. Same ol'e crazy!
h/t @MauiBoyMacro
“.. equity market breadth has narrowed in recent weeks to one of its lowest levels on record. The S&P 500 has rallied by 14% from its low in late March and now trades at a new record high. However, the median S&P 500 constituent remains 13% below its respective high.” 👇🏼
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Monthly Archives: March 2016
Eye on the donut on Fed day
As business media spends the day hyping up the magic expected from today’s 2pm announcement from Fed ‘oracle’ Janet Yellen, investors would be wise to keep some math and reality about us. The finance machine continues to gorge on taxpayer … Continue reading
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Ontario ‘seeing the light’ on energy revolution
Idled in 2013, and formerly the largest Co2 emitting plant in Canada, Ontario is converting the Nanticoke coal plant to a 44 MW solar installation. Now we are using our heads. See, Ontario to convert largest coal plant: “…the grounds … Continue reading
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Eating balance sheets to keep a Ponzi-like dream alive
When corporations buying back their own shares have become the only net buyers for stocks, you know that we are very, very late in an epic cycle. And when that buying has been possible only by borrowing suicidal levels of … Continue reading
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