“While market sentiment is showing signs of improvement, the biggest hurdle for stocks remains the Fed. There appears to be a disconnect between improving market action and an aggressive Fed that appears determined to keep hiking rates until inflation is finally brought under control. In addition, inverted yield curves continue to predict the likelihood of an economic recession which would be negative for stocks. At such times, technicians need to rely more than ever on market charts to help determine likely market direction. The next big test will come after next week’s Fed meeting. And how stocks react to what the Fed does and says about its future intentions.” – John Murphy
Today, we are going to share one of the most successful categories of investing in 2022. Quant investing with managed futures has been one of the hottest trades of 2022. … Read more
It has been a very challenging year for US stocks and elsewhere around the world. However, a bright spot exists: Latin America is an upside outlier. Yes – Latin America. And this comes after a collapse of more than 70% between early 2008 and the trough at the start of the pandemic. The rally is being driven largely by commodities. ILF – iShares Larin America 40 ETF is up nearly 9% year-to-date. Now, fourteen years after the all-time record was set for the MSCI regional benchmark, the market is finally starting to show signs of life again.
I predict consumers will stay loyal to their existing brands as the market goes full EV in the coming decade. Manufacturers will force the switch. There won’t be an option. What I mean by that is that all new cars being offered will be fully EV at some point. And, at that point, I do not foresee a huge shift of people switching from their existing brand to Tesla. I’m talking about the late adopters, here.