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Cory’s Chart Corner
Load MoreMany will focus the blame of market drawdowns on the tariffs and ignore the fact the SP500 (only a few weeks ago) was trading at 4 std devs above its historical mean…valuation also matters.
BREAKING: The European Union is preparing further counter measures against newly announced US tariffs of 20%, per CNBC.
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Horse maneur of the finest vintage
US Republican politicians continue to assert that the American people will not accept an increase in taxes to help pay down the national debt. They are spreading this maneur to protect a select few. Repeated polls attest no evidence of … Continue reading
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In the merry old land of Oz
Risk appetite is back “roarin’ for a priest” today on fresh hopes of European miracles. Here’s the Wall Street Journal: “European stocks soared and the euro advanced strongly as European leaders edged closer to a fresh financing package for Greece … Continue reading
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Market leaders continue to falter
The following chart shows a disturbing weakness in the 2 sectors which are supposed to be leading the stock market higher: Financials (blue line) and Semi-conductors (green) as compared with the S&P 500 (black). Weakness in these two sectors was … Continue reading
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