Page 8 - Michael Lebowitz News Today

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

Société Générale strategist Albert Edwards warns maximum greed never ends well in a new report. Edwards, who predicted the dot-com crash, highlights the mounting concerns from strategists. He shares the 6 charts and signals hes watching that indicate the potential risk of a correction. The bulls are continuing to run rampant in the markets. On Thursday, the S&P 500 hit another record high close bolstered by strong technology earnings.  Now, with the Federal Res...

Hotel rates on the rise as travel demand ticks up (SPY flat +0.03%). Stocks making the biggest moves midday: Shopify, Spotify, Enphase Energy. Here is the current market situation from CNN Money North and South American markets finished mixed as of the most recent closing prices. The Bovespa gained 1.21%, while the IPC led the S&P 500 lower. They fell 1.14% and 0.06% respectively. What Is Moving the Markets Here are the headlines moving the markets. Canadas Oil Sands In Trouble As COVID Cases S...

Let me explain. In  “Do You Feel Lucky,” Michael Lebowitz compiled a series of valuation metrics and their correlation to future returns. To wit: “The average of the 10-year expected returns from the four gauges is -0.75%. When the Fed backs off, whether by its design or due to inflation, slower economic growth, or massive debt overhead, rich valuations will matter.” The mistake many investors make is assuming that such means every year, over the next decade, returns will be near zero...

Specifically, I stated: “The market is trading well into 3-standard deviations above the 50-dma, and is overbought by just about every measure.  Such suggests a short-term “cooling-off” period is likely. With the weekly “buy signals” intact, the markets should hold above key support levels during the next consolidation phase.”   As shown above, that is what is currently occurring. While the market remains in a very tight range, the  “money flow” sell signal  (histogram) ar...

Five Reasons To Curb Your Enthusiasm.” This analysis is interesting, particularly when analysts are rushing to upgrade both economic and earnings estimates. More importantly, investors are incredibly long-biased in portfolios, with equity allocations reaching some of the highest levels in history. What Subramanian questions, and something we have asked previously, is all the  “good news” already  “priced in?” “Amid increasingly euphoric sentiment, lofty valuations, and peak stim...

Five Reasons To Curb Your Enthusiasm.” This analysis is interesting, particularly when analysts are rushing to upgrade both economic and earnings estimates. More importantly, investors are incredibly long-biased in portfolios, with equity allocations reaching some of the highest levels in history. What Subramanian questions, and something we have asked previously, is all the  “good news” already  “priced in?” “Amid increasingly euphoric sentiment, lofty valuations, and peak stim...

Beyond Capital : Marx’s Political Economy of the Working Class, he sought to correct a significant “one-sidedness” or incompleteness in Marx’s Capital. In his new work, Between Capitalism and Community, he extends and draws out the political consequences of his earlier work. When Marx was writing Capital, he made projections for a number of volumes on an expanded range of economic subjects. In the end, he only published volume one, with volumes two and three being compiled from his n...

Recently, the  March jobs report showed a whopping 916,000 new jobs. Interestingly, there were some anomalies in the data and millions missing from the official count. As shown, there has been a substantial reduction in the unemployment rate back to 6%. Historically, an unemployment rate of 5% was considered “full employment.” However, for the Federal Reserve to have  “cover” to continue current monetary interventions, a new standard has been set at the previous lows of 3.8%. The re...

Central Banks Update: Q1 2021 The hosts of "Fed Watch" reflected on bitcoin and macro-economic news from the first part of 2021. Author: Apr 7, 2021 The hosts of "Fed Watch" reflected on bitcoin and macro-economic news from the first part of 2021. In this episode of Bitcoin Magazine’s “Fed Watch” podcast, hosts Christian Keroles and Ansel Lindner reminisce about the year on the podcast so far and cover recent developments from the major central banks of the world. There have been so many...