Economic Update: Amid Mixed Signals, Evidence of Weakness (in labor and credit in particular) Remains Too Much To Ignore (video)

Attention clients, please be sure and take this one in when you have a few minutes.

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Attention Non-Client subscribers: Nothing in this video should be construed as investment advice. The examples expressed relate to portfolio management we perform on behalf of our clients, and, again, under no circumstances are they to be considered recommendations to the viewer.

Strong bullish sentiment "hints at a top," although..... And a quick stocks, yields, dollar and gold update (video)

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Attention Non-Client subscribers: Nothing in this video should be construed as investment advice. The examples expressed relate to portfolio management we perform on behalf of our clients, and, again, under no circumstances are they to be considered recommendations to the viewer.

Morning Note: Manufacturing "Mini Upcycle" -- And -- Beware "The Other Side of the Parabola"

In our latest economic update I entertained the notion that the recent strengthening in manufacturing sector sentiment might prove to be a head fake.

On Monday, BCA suggested that that may indeed be the case:

A Check In the Magazine Cover Box, Some Mixed Signals, Stocks, Yields, the Dollar and Gold (video)

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Attention Non-Client subscribers: Nothing in this video should be construed as investment advice. The examples expressed relate to portfolio management we perform on behalf of our clients, and, again, under no circumstances are they to be considered recommendations to the viewer.

Morning Note: Giddy Media, But Not Over Gold -- And Your Weekly Results Update

Fascinating: The media, and Wall Street, are giddy over bitcoin nearing all time highs, and over the S&P 500 (I'd say "stocks" but the majority of stocks are clearly not there) at all time highs, while nary a mention of gold punching its way into never-before-seen territory.

Of course that, all by itself, has to have gold bulls feeling very good about their positioning right here.

I.e., long-term tops typically do not occur when upside breakouts go unnoticed -- suggesting that the asset in question remains under-owned.

The following, on the other hand, is the sort of signal you look for when you're concerned that present levels may be dangerously over-owned:

Economic Update: A Manufacturing Recovery or Head Fake? The Inflation Bugaboo And Some Telling Earnings Call Highlights (video)

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Attention Non-Client subscribers: Nothing in this video should be construed as investment advice. The examples expressed relate to portfolio management we perform on behalf of our clients, and, again, under no circumstances are they to be considered recommendations to the viewer.

Another Look At Wall Street's Hopes, A 3-Year Look At the Technicals, Some Data, etc. (video)

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Attention Non-Client subscribers: Nothing in this video should be construed as investment advice. The examples expressed relate to portfolio management we perform on behalf of our clients, and, again, under no circumstances are they to be considered recommendations to the viewer.