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US-German Bond Spreads & Equity Leadership

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Recent weak data emanating from the Eurozone has been weighing on German Bund yields. The significant drop in the Eurozone Citigroup Economic Surprise Index (CESI) has pressured German Bund yields lower. Looking through the structural decline in German yields, we can see that short-term, cyclical moves are driven by economic activity. As the CESI has […]

Energy Stocks Are Starting to Flow

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Energy stocks are looking lively today, with energy the best performing sector in the US and second best performing sector in Europe. The likely reason for the buoyant performance is a continued improvement in fundamentals. Inventory data released yesterday showed a steady decline in crude and refined product (ex-SPR) in the United States. Total barrels […]

Time to Be Alert!

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This is the time to be alert for any signs of a failure in the S&P 500. Why? There are two really good historical precedents to the current market configuration. The set-up is as follows: stocks suffer a rather quick correction, bounce back, take out the previous lows and experience a waterfall decline. The period […]

Crypto-Crash Part 2

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On January 17, I wrote a blog titled “Crypto-Crash” (link: http://blog.knowledgeleaderscapital.com/?p=13867) where I speculated that the next stop for Bitcoin would be $8,000. On that day Bitcoin touched $9,100 and then bounced back to $12,000. It has since been range bound between $10,000 and $12,000… until today. Minutes ago, Bitcoin broke below the $10,000 support. […]

Crypto-Crash

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Bitcoin prices have corrected severely in the last 48 hours. The news flow suggests investors have concerns about increased regulation in China and South Korea. No doubt these headlines have spooked investors, but I think there is something else at work. Over the last year, Bitcoin has increased 1000%, going from $1,000 to $10,000. And […]