Chart of the Week

Collapsing JP Morgan Stock is Signaling Wall Street’s Worst Fears for the Economy.  As the chart below shows, JP Morgan’s share price is about to break through March lows. That means expectations are shares could go substantially lower amid analyst forecasts that earnings may fall 50% in 2020.  In fact, many analysts are predicting earnings…

Why It’s Time to Buy Silver vs Gold. The U.S. government is sinking deeper and deeper into debt at more than $5.5 trillion a year by some estimates. And that doesn’t count the pile on of even more debt from expected future stimulus packages.  Interest rates on government bonds have made them very unattractive at…

Stock Market Margin Debt is Decreasing But Not Enough to Assure Stocks Won’t Keep DecliningThe good news is margin debt is declining.  The bad news is that it still Is much too high to assure a strong bull market, and that stocks won’t decline a lot more. You’ll note in the charts below that positive…

Used Car Prices are  Crashing, Meaning Big Trouble Ahead for Car Companies and other Auto  Lenders.  As the chart below shows, economic dislocation caused by the corona virus has triggered the biggest decline in car prices since the 2008 great recession, And some analyst say the declines this time could be far worse as a…

Sector Sum Indicator Warning Stock Market is Extremely Risky.  The proprietary Investor Intelligence Sector Sum Indicator measures how much the stock market is overbought or oversold. It has been a very reliable advance indicator of the direction of the equity market. The indicator works by analyzing the number of bull trends among the 45 major…