Here below some of the latest multi market “mm” reports issued late last week and some from close of business Friday.
I stated last week that i would be more bearish than i am at present in terms of allocations and weightings if it wasn’t for the positive seasonals here. Its hard to believe the Fed will want to play scrooge so close to Christmas but all things are possible. If they do the markets will take a move down as the technical indicators are not promising as we have said over the last month or so.
Another issue I want to come back to this week are the S&P earnings. Follow these links. I’m out of time now but I want to return to this prickly issue in the next few days.
http://www.reuters.com/article/2013/11/20/us-usa-stocks-buybacks-analysis-idUSBRE9AJ0VS20131120
https://janjig.com/2013/12/the-rally-will-end-when-share-buybacks-slow-down/
http://advisorperspectives.com/dshort/guest/Michael-Lombardi-131119-Corporate-Earnings.php
http://www.zerohedge.com/news/2013-05-28/presenting-full-impact-stock-buybacks-sp-500-earnings
More to come tomorrow.
All the best
Rich