For Valentine's Day, the market shared its love by pushing the broad S&P 500 Index to new highs.
via StockCharts.
The Nasdaq Composite also made new highs earlier this week.
Worldwide, Germany, Australia, France, Thailand, Indonesia, Shanghai, India and The Netherlands have all made new 52 week highs in 2015.
Most people say they want the unpleasant truth, rather than the comforting lie ...
What do you think?
Here are some of the posts that caught my eye. Hope you find something interesting.
If you are looking for insight into global supply and demand trends, the Baltic Dry Index is one of the purest leading indicators of economic activity.
It offers a real-time glimpse at global raw material and infrastructure demand, as well as the supply of ships available to move this type of cargo.
The low is troubling because this Index is often interpreted as a reliable indicator of demand. The Index moved higher from 2003 to 2008. Since then, we have seen a series of lower highs and lower lows.
The only positive I see is the divergence of the momentum indicator (at the bottom), which is higher - even though price is lower.
However, with stock markets around the world near all time highs ... and demand for bulk commodity movements at all time lows, the paradoxical position is staggering.
For commodity followers, low prices are one thing but some of that can be attributed to a soaring $USD.
The Baltic Dry Index tells us how much demand there is for movement of the commodities. It is clearly indicating global weakness and the Central Banks around the world dropping their interest rates ahead of the analysts in almost every market suggests all is not well.
I was in Phoenix for a meeting this past week.
Usually, the highlight of a trip like that entails desert vistas. This time, however, I had a chance to visit the stadium where the Pro Bowl and Super Bowl was held (and thanks to some friends at Infusionsoft, got to see a game there too).
It was kind of cool to watch a celebration of those just a little better than who they play against.
There is always a way to be a little better!
Déjà vu?
Here are some of the posts that caught my eye. Hope you find something interesting.
At this point, the S&P 500 is up over 200% from its March 2009 low.
This bull market has lasted 68 months, which seems like a long time ... until you compare it to the length and strength of other bull runs.
This chart shows the history of Bull and Bear Markets in the U.S.
via @jerrykerns.
Here Are Some Links For Your Weekend Reading
Seeming profound is easier than being profound.
Just saying ...
Here are some of the posts that caught my eye. Hope you find something interesting.
Lighter Links:
Trading Links:
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