Sometimes it’s easiest to understand the big picture with the simplest indicators. And two of the more trust ones in the macro arsenal are the PMI reports and the weekly [ … ]
CAPE Round-Up
There was a lot of good content on the use of CAPE as an indicator this week and that brought out some older analysis as well. Here’s a round-up just in case you didn’t have time to read it all:
Rail Traffic Keeps on Chugging Along
Intermodal rail traffic posted a 5.4% gain in the most recent week bringing the 12 week moving average down to 6.1%. That is a strong reading, but also a 3 [ … ]
This isn’t a Stock Market Bubble, but it Could Become One
Last year I asked if we are in a stock market bubble. My answer was no. Much of the basis for that thinking was that sentiment was just too bearish [ … ]
Is the Global Financial Asset Portfolio the Perfect Indexing Strategy?
* This is part 1 of this post. Please refer to this link for part 2. If there was such a thing as an indexing purist that person would [ … ]
AI, Robotics, and the Future of Jobs
This is a good piece sent courtesy of John Mauldin. It goes well with this video which is a pretty scary perspective of what the robots could do to us all. Enjoy!
Housekeeping: Turning off the Comments
Bad news friendos – no more comments.
What Backs the Value of Money?
I was reading this very good piece by Matthew Klein at FT Alphaville when I came across this line: “The only kinds of money that reliably hold their value are [ … ]
More Thoughts on the CAPE and Valulations
I’ve made my opinion on valuations and the use of CAPE pretty clear – these sorts of metrics don’t tell us much about the macro environment because the whole idea [ … ]