Guest post by Alhambra Investment Partners
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Random Thought Of The Week
Is China jumping the gun, giving the US economy a rate hike before the Fed even gets in the game? Even in the face of widespread concern about global growth Treasuries spent most of last week in search of a bid. We know China and the other emerging markets are selling Treasuries to try and defend their currencies. Hell, that was the plan, the entire reason for accumulating all those reserves. I do wonder if anyone thought that plan through. A slowing US economy isn’t going to make emerging markets perform any better.
Chart Of The Week
After falling below the $40 level for the first time since 2009, crude oil bounced right back up to $45 in what was its biggest weekly gain in 6 years. The Crude oil market has fallen off a cliff since Saudi Arabia decided not to cut production, from a high of $108 in 2014 to a low of $38 in last week’s trading action. The question is…have we finally seen the bottom in oil prices, or will the unrelenting supply from the US producers and decreased demand from China put a damper on future prices?
Broad Market Top 10 – 3 Month Returns
MOMENTUM ASSET ALLOCATION MODEL
SPDR Sector Returns – 3 Month Returns
SPDR SECTOR ROTATION MODEL
Country Returns Top 10 – 3 Month Returns
Commodity Returns Top 10 – 3 Month Returns
Bond Returns Top 10 – 3 Month Returns
Stock Valuation Update
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