Weekly Economic Update 12-09-2016

While the market is partying like it’s 1999, the S&P 500 is now the third most expensive market in history based on the Shiller Cyclically Adjusted P/E Ratio. Meanwhile a certain sector of the economy that accurately predicted the last 5 recessions is warning that the next one is coming in the first half of 2017. For this and other economic news, along with my analysis of what’s driving the markets crazy, be sure to tune into this week’s update.

Bonus Section: A look at the Shiller Cyclically Adjusted P/E ratio, an interpretation of the recent volume on the Dow, a look at price levels on Gold and Gold Miners, an analysis of 10-year Treasury yields, macroeconomic indicators, percentage of stocks trading above their moving averages, total put/call ratio and charts from the recent Commitments of Traders report.

Weekly Update (16 min):

  • A Little History
  • Third Most Expensive Market in History
  • Low GDP = More QE
  • What’s Driving the Markets
  • Restaurant Sector Signals Recession
  • Countertrend Rally

Bonus (11 min) –

  • S&P 500 vs M1 Money Stock
  • iShares 20+ Year Treasury Bonds (TLT) vs M2 Money Stock
  • Shiller Cyclically Adjusted P/E
  • Dow Volume Analysis
  • Gold (GLD) Support Levels
  • Gold Miners (GDX) Support Levels
  • Ten Year Treasury Yield Support Levels
  • S&P 500 vs % of S&P 500 Stocks Above 50-day MA
  • S&P 500 vs % of S&P 500 Stocks Above 200-day MA
  • S&P 500 vs Total Put/Call Ratio Relative to its 20-day MA
  • Commitments of Traders – S&P 500
  • Commitments of Traders – 10 Year Treasury Yield
  • Commitments of Traders – US Dollar