Category: Systematic Global Macro
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Momentum stocks need to find some buying interest
The U.S. stock indexes were down nearly -2% today. Prior to today, it appeared more likely the stock market would attempt to trend higher. The only positive about today’s price action was the volume was… Read More
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Divergence in Global Asset Allocation
We’ve observed divergence across global markets since September, so those invested in a static global asset allocation probably notice it the most. I focus my U.S. equity portfolio exposures more granularly into individual stocks and… Read More
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Stanley Druckenmiller on his use of Technical Analysis and Instinct
Stanley Druckenmiller has a 30-year track record that is considered “unrivaled” by many. From 1988 to 2000, Druckenmiller was a portfolio manager for George Soros as the lead portfolio manager for Quantum Fund. He founded Duquesne Capital… Read More
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What trends are driving emerging markets into a bear market?
In Emerging Markets Reached a Bear Market Level we noted the emerging markets index has declined -20%, which is considered to be in bear market territory. The emerging markets index includes 24 countries classified as emerging countries. To… Read More
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Emerging Markets Reached a Bear Market Level, or is it a Continuation of a Secular Bear Market?
An emerging market is a country that has some characteristics of a developed market but does not satisfy standards to be termed a developed market. The MSCI Emerging Markets Index covers more than 800 securities… Read More
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Global Market Trends, U.S. Dollar, Emerging Markets, Commodities, and Their Changing Correlations
One of the more interesting global macro market trends right now is the direction of the U.S. Dollar and its impact on other markets. The chart below is the U.S. Dollar trend year-to-date vs. the… Read More
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Global Market ETF Trends
Looking at the broad global markets, U.S. stocks are in a positive trend along with the U.S. Dollar. International stocks, commodities, and foreign currency are trending down. With the directional trends and momentum being in… Read More
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Trend following applied to stocks
A stock must be in a positive trend to earn a huge gain… A stock must be in a downtrend to produce a large loss… The common factor? the direction of the trend… That’s what… Read More
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Global Stock and Bond Market Trends 2Q 2018
Yesterday we shared the 2nd Quarter 2018 Global Investment Markets Review, which used a broad range of indexes on performance tables to present the year-to-date progress of world markets. The issue with a table that simply… Read More
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2nd Quarter 2018 Global Investment Markets Review
It is no surprise to see global equity markets stall after such a positive trend last year. As we will see, the weakness is global and across both bonds and stocks. Before we review the… Read More