Emerging Markets
The iShares Emerging Markets ETF $EEM had 3 corrections of 20% or more and another 3 corrections of between 10% and 20% from mid-2003 to late-2007, a period during which $EEM went up 400%+.
Since the 2016 low, $EEM is still to record a 20% correction. Don’t be shaken out so easily.
Nasdaq Biotechnology Index
Based on the 52-week rate of change in the index (second panel), biotech stocks during the last 18 months have been in their most benign (no pun intended) trading range over the last 10 years. A big move, either up or down, seems like its coming.
US 10-Year Treasury Yields
Yields are retreating from where they topped out during the 2013 Taper Tantrum.
Rogers International Commodity Agriculture Index
Agriculture commodities are stuck in a rut.
The Trillion Dollar Company
Who is going to be the first? $AAPL, AMZN or $GOOG. We think it will not be $AAPL. The momentum is surely with $AMZN.
Australian Banks
The price action in Australian banking stocks is terrible. Here is National Australia Bank.
And here is Commonwealth Bank of Australia.
Southwest Airlines
Not feeling the $LUV. Will it break $50? Well we have been short for some time now.
This post should not be considered as investment advice or a recommendation to purchase any particular security, strategy or investment product. References to specific securities and issuers are not intended to be, and should not be interpreted as, recommendations to purchase or sell such securities. Information contained herein