Santa vs. Yellen

Robert Maltbie  |

Our market data indicators have plunged into negative territory. Will Yellen continue to raise rates till the normal ize at the inflation rate. This is a bit reminiscent of 2007-08's debt driven bear market. Here is our wish list for Santa:

  • Better Breadth: Only 30% of stocks are in uptrend. Average stock is down 10% vs. flat S&P 500.
  • Better Liquidity: M&A, buybacks have all but dried up. While insider and public selling is increasing.
  • Lower Leverage: NYSE has all time record debt . a small increase in interest rates is having an outsized impact in high yield etfs
  • Better EPS: EPS growth is flat and so is market in 2015. Coincidence?
  • A Little Love: Our argo fund is up 14%, while big name fund managers Ackman & Gundlack are down 10-20 % this year.

See the latest Maltbie's Minute on the Market here.

Merry Christmas and Happy New Year. Visit millennium-asset.biz and download new report on our hedge fund up 14%.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer

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