A Correction Is On The Way

Buyers wasted no time and initiated a fulminant risk-on rally after the mid-July correction. Consequently, the S&P 500 did not even reach a 5% correction and rallied to all-time highs. A 5% correction has been typically occurring about every 94 trading days since 1929. It is overdue as more than 180 trading days have passed …

Last Inning

Those who read our latest write-ups know that we have a long-term bearish outlook for the S&P 500. Extremely expensive valuations and evidence of excessive speculation among investors lead to this conclusion. Nonetheless, we have also stressed in the last few write-ups that technicals were intact and likely leading equities higher short term. Technicals Contradict …

Bitcoin Bubble In Terminal Stage

Bitcoin had a stellar comeback and traded close to USD 65,000 per unit at its peak last month. There are stories of early transactions involving pizzas that were sold for a five-digit amount of the cryptocurrency around 2010. Regardless of being fact or fiction, the magnificent price increase in Bitcoin is unprecedented. An investment of …

A Longview On Precious Metals

The precious metals complex and especially gold is fascinating many investors. Not surprisingly, some myths formed around the asset class. There is a widespread belief that precious metals are a safe haven and protect against inflation. That’s true over the long run but can be costly on short- and medium-term timeframes. The crucial question is first …