Category Archives: Equities

Volatility jump is short of crisis level – FT

The US markets’ fear gauge is climbing. Ramin Nakisa, deputy head of asset allocation at UBS, explains to capital markets editor Ralph Atkins why he thinks the indicator is not yet signalling a crisis and why calmer conditions could return. … Continue reading

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S&P500 Tests 200-day For First Time In Almost Two Years

The S&P500 closed just above its 200-day moving and little over a point above the August lows.  Going to interesting how this plays out.  With all the fear and loathing, the index is only 5.60% of its September 19th high.   … Continue reading

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The Germans Are Coming

Interesting piece in today’s Investor’s Business Daily on German buyouts of U.S. companies (see chart below).   Money quotes: In total, there has been $64.5 billion worth of German acquisitions of U.S. targets in 2014, according to Thomson Reuters. That beats … Continue reading

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Alibaba – FT

The Chinese ecommerce giant Alibaba has opened its IPO roadshow with a low starting price (in the $60-$66 range). Lex’s Oliver Ralph and Robert Armstrong discuss whether this is a once-in-a-lifetime opportunity or just too good to be true. For … Continue reading

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Global Equity Market Performance – August

Click on chart to enlarge and for better resolution (click here if chart is not observable)

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Russell Turns Up

The Russell 2000, which was selling off while the S&P500 was making new highs, is behaving better and worth watching here as it has turned up before the other indices (see chart).  Whether this is just short covering or a … Continue reading

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Nasdaq Key Technical Levels

The Nasdaq is holding up better than the S&P500 and Dow, off only 3.37 percent from its recent high, and yet to test its 100-day.  The index has even yet to break its 38.2 Fib retracement of the April 15 … Continue reading

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Showtime for the S&P500

It’s showtime for the S&P500, which managed to hold and bounce from its 100-day moving average today.   The bulls must continue their defense of the November 2012 trendline and the 50% retracement at the 1895-1900-ish level.   Would love to see … Continue reading

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Who’s the fairest index of all? – FT

Most active fund managers fail to beat their benchmark index. But it’s worse than that. That benchmark is often weighted by market value, meaning the most expensive stocks are overweighted. Tim Edwards, director of index strategy at S&P Dow Jones … Continue reading

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Fine-tuning Shiller’s Cape – FT

Nobel laureate Robert Shiller is famous for the cyclically adjusted price earnings ratio (Cape), which he used to predict the dotcom bubble. Alain Bokobza, of Société Générale, argues to the FT’s John Authers that it now needs adjustment for tax … Continue reading

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