I’m doing a pre-emptive Q&A this week covering a macro view of 2013. I generally don’t believe in forecasting a full year out because I think it’s impossible, but that doesn’t mean we can’t provide some general guide posts for the year given what we currently know. I usually update these views on a quarterly… Read More
In the face of increasing uncertainty and economic weakness we can always count on one of the big banks to find the bullish case (via Business Insider): “We are positive on equities as: 1) economic lead indicators, although beginning to soften, are consistent with reasonable GDP growth forecasts; 2) dovish central banks and synchronized QE are the… Read More
David Kostin, chief U.S. equity strategist at Goldman Sachs has bucked the bullish trend in the first few months of the year after having been bullish for a long time. Kostin vocally called for S&P 1,250 despite the persistent rally in the first 4 month of the year (see here). Kostin now says the S&P is… Read More
Here we go again. It’s all about Europe. And now we’re all in wait and see mode on Greece and whether they’ll default and defect and possibly trigger the Lehman 2.0 scenario that so many have been worried about for years now. In many ways this market has a 2008 feel to it. I wouldn’t… Read More
Jeff Gundlach just wrapped up another conference call and he made some good (and bad) insights. Here are the key takeaways: He says Greece is likely to leave the Euro as the situation continues to spiral out of control. Spanish equities are a decent risk-on asset if you have to choose something in Europe. But… Read More
There has been a lot of debate about the end of the “Commodity Supercycle” in recent days. The subject came up along market speculations that a hard landing will take place in China, and that the “miracle” is “over. The premise here is that if the infrastructure development of China is over, then surely the so-called “Commodity Supercycle” is over.