Defensive Strength

Defensive Strength

  For this week’s featured indicator, we show a chart of the relative performance of stocks versus bonds globally based on the relative strength line of the ACWI SHUT Index. SHUT is an acronym for Staples, Healthcare, Utilities, and Telecommunications. The ACWI...
No More Downsizing

No More Downsizing

  For this week’s indicator, we present the Challenger Layoff Announcements Index. This series comes from a report produced by the outplacement firm Challenger, Grey & Christmas, Inc. It uses layoff data from various state labor departments to produce the...
Shock Absorbers

Shock Absorbers

  Mass crowd psychology in action. That’s one way you could describe the action of the stock market. Sure, plenty of financial professionals are doing discounted cash-flow analyses and other fundamental calculations on stock prices. So we tend to hear things...
The Risk Switch

The Risk Switch

  Risk is like a switch. Or, at least in the investment world, it can be helpful to think of risk as sort of like a dimmer switch. It slides between the “On” and “Off” positions depending on the investment setting and how much risk tolerance is out there. When...