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RED Market Update

LB and I caught up with the funds management crew at RED the other day and were able to attend one of their client briefings. They were kind enough to allow me to copy their slide deck.

The take home points for me.

1. Equities have positive momentum.
2. The great unknown at present is money markets.

 
 

Its Friday

funny-305

Thanksgiving Day

Apparently that time of the year when turkeys are nervous is approaching in the US. I saw the chart below doing the rounds on the google box with a big of digging I found that  it is apparently from WSJ

 

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So I decided to look a bit harder at stock seasonality and generated the following chart that looks at the average monthly returns on the S&P500 for the past 30 years.

Screen Shot 2013-11-28 at 6.46.46 am

 

The question is do either pieces of data add anything to the trading universe or are they merely interesting distractions. My view is that they are simply part of the cornucopia of data that is thrown up around markets. None of which match……

 

Comparative Performance

It has been sometime since I looked at the comparative performance of various markets. I have taken these markets back to a nominal starting date of 13/03/09 which could be considered the date markets reversed after the GFC.

Screen Shot 2013-11-28 at 6.00.27 am

 

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Screen Shot 2013-11-28 at 5.55.16 am

 

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Druckenmiller: Cash Flow Is Company Truth Teller

 
 

I Hope My Father Dies Soon

I am a fan of Scott Adams both through Dilbert his alter ego and through his blog. In some ways this ties into my pearlier piece on How Will You Die.

But this is very raw and very personal.

 

 

8 Subconscious Mistakes Our Brain Makes Everyday

More here – 8 Subconscious Mistakes Our Brain Makes Everyday

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