I have some good news and some bad news to share with you. The good news is the Federal Reserve is finally winding down its misguided money-printing campaign. The bad news is that just as Yellen & Co. are winding down their bond buying program, the European Central Bank (ECB) is signaling a willingness to start a quantitative easing program of its own. Global monetary stimulus just won't go away.
In this issue, I'll explain the investment implications of a stagnating euro area with the ECB ramping up stimulus and a faster growing U.S. economy, but a less aggressive Fed. With bubble valuations sill prevalent in the U.S. stock market, more reasonable valuations in Europe, and an improving competitive position for European exporters, European-based multinationals make a lot of sense here. You can find our top five picks for new money in the issue. Also this month, shares of the coal producer we added to our Master List in June have sold off. It's time to take your position from 1/3 to 2/3. More >>
We have alerted you to the bubble conditions in the stock market regularly over recent months. Yet despite clear signs of froth, there are few indications that speculative excess is subsiding. If anything, it is becoming more pervasive. Investors are consumed not by how much they can lose on an investment, but by how much they are going to make. A global flood of central bank liquidity has set off one of the biggest and broadest reaches for return on record.
With abundant liquidity, rising confidence, trillions in cash sitting on corporate balance sheets, and slow global economic growth, conditions are ripe for a boom in mergers and acquisitions. In this month’s issue, I will show you how to safely profit from a potential boom in mergers and acquisitions and tell you which five stocks top our list of takeover candidates. Plus, I will tell you which closed-end fund you should take profits on now. More >>
September 19, 2014 A disturbing look is appearing on the long-term chart of residential housing permits granted in the United States. The monthly measure has stabilized near 1 million. That's about twice as many as the depths of the housing crisis, but not even close to its long term average of 1.4 million permits per month. Worse yet, […] More »
The Young Research Commodities chart book includes price, both real and nominal, for different time periods and annual rates of change for the commodities covered on the Global Investment Scorecard.
The Young Research Equities chart book includes a range of charts featuring indicators on stock market valuation, sentiment, relative strength, etc. for U.S. stocks over a variety of timescales.
The Young Research U.S. Economy chart book includes short and long-term charts on output and activity, the labor market, inflation, and consumer and business sentiment.
Since 1896, the average bull market has lasted 835 days and resulted in a doubling of stock prices. For more historical perspective on the duration and magnitude of bull and bear markets, check out our new Dow Bull and Bear Markets table.
Our Credit Markets chart book includes many of the charts we monitor and use regularly to formulate fixed-income investment strategy. The chart book includes long-term charts on nominal and inflation-adjusted treasury rates, policy rates, interest rate valuation indicators, and credit spreads.
Jeremy Jones, CFA, is the director of research for Young Research & Publishing and editor of the Global Investment Strategy newsletter. Jeremy is also the Chief Investment Officer at Richard C. Young & Co., Ltd., an investment advisor to high net-worth families and businesses. More »