European stock markets broke out last week to new highs for 2012, quietly tracing out the Santa Clause rally that many have been expecting in the U.S. But the news from Italy over the weekend …
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Today is global PMI (purchasing managers’ index) day. PMIs are usually a good coincident indicator of economic growth, and stocks are quite correlated to changes in the PMI over long periods of time. Today’s charts …
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Dan mentioned several times in October, both on the site and on CNBC, that the financial sector could be in for a rude awakening after the elections if the status quo remained in tact. Financials …
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To get a sense for the magnitude of U.S. outperformance over the last 3 years, check out this chart that plots the SPX index, Euro Stoxx index, Hang Seng, and Nikkei since Oct 2009: …
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I have to admit that I’ve been surprised by the resilience of the major indices following the policy announcements of the past 2 days. The markets are bouncing this morning ahead of the payrolls number …
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I was debating between 2 interesting charts for today’s chart of the day, but I chose the following one because of its near-term relevance (while I’ve saved the other chart for another day – it …
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